Sports betting operator and B2B provider France Pari has reported a 13 per cent increase in revenue to €3.5m for the first quarter of 2019, benefiting from continued growth from its B2B activities.

The company attributed the growth to its Sportnco B2B division, which powers a number of operators in France, Spain and Belgium.

“I am delighted at the progress we have made this year,” said France Pari founder and CEO Hervé Schlosser. “Our B2B strategy in France and Spain is reaping rewards and we are now looking at acquiring profitable companies with whom we could develop commercial and financial synergies in order to accelerate our growth in B2B.”

The strong revenue growth helped France Pari post EBITDA of €1m for the quarter, an increase of 18 per cent year-on-year.

With new sportsbooks to be launched for the likes of Sisal in Spain and Zebet in Portugal, the company said that it expects revenue to increase by 20 per cent to €15.5m for the full year, with EBITDA expected to climb 33 per cent to between €4.5m and €5.0m.

 

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