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Raketech reveals reduced earnings in final quarter of 2019

10th January 2020 8:13 am GMT
Stockholm-listed iGaming affiliate Raketech has warned that it expects EBITDA to fall below expectations for the final quarter of 2019. Announcing its preliminary results, Raketech said that Q4 2019 revenue would amount to €5.8m, with EBITDA falling below expectations to €1.6m. This includes the impact of extraordinary costs of €0.4m, a loss allowance for trade receivables of €0.3m, and the revaluation of goodwill as a consequence of the continued PPC (pay-per-click advertising) ban in Sweden. The extraordinary items [...]

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