Financial News digital entertainment said Thursday that it now has the foundations in place to return the business to sustainable growth following a challenging year which has seen total revenue decline by 19 per cent to €652.4m, with double-digit declines across all of the company’s main product verticals. CEO Norbert Teufelberger said that the revenue decline was more than the company had expected, as results were impacted by the company’s tactical shift from  “volume to value”, ISP blocking in Greece, poker market declines in France and Italy, as well as the migration of players to its new technology platform in December 2012.

“2013 was a challenging year for our business, but it also marked a turning point as we increased our focus on regulated and to-be-regulated markets, began to roll-out new and refreshed versions of our mobile and desktop products, and commenced the transformation of our technology infrastructure through the adoption of the Agile development methodology,” said Teufelberger.

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