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Super Group announces results of Q1 financial performance
Super Group showed the outcomes of their financial performance for this year’s 1st quarter, reporting 334.5 million euros income.
Adjusted Earnings before Interest, Taxes, Depreciation, and Amortization grew by 14% amounting to 61.5 million euros.
Groups’ cash equivalents also grew by 39% compared to last year, reporting 272.7 million euros.
Though the company saw growth of income they also had some damage. The after tax losses amounted to 163.2 million euros, which includes costs and charges worth 201.5 million euros.
Following their final merger with SEAC earlier in January, shareholders of SGHC, which was the company’s previous name, exchanged shares with the new company – current Super Group.
To mark their place in the business super group has taken serious measures, such as rebranding, releasing new offers in Bulgaria and partnering with different companies, such as Stock Car Pro Series Brazil, Milwaukee Bucks.
During Q1, Betway and Spin were also registered in the Ontario market.
“During this year’s Q1 we started operating in the American market and kept growing in all of our existent and recent markets. Our team is used to working during difficult times and we are sure that our strategies are going to help us to grow even more.”
stated N. Menashe, chief executive officer of super group