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Raketech has published its financial results for the fourth quarter of 2021.
The company has seen Q4 2021 revenue reach an all-time high, totalling €11.8m ($13.4m).
Q4 2021 Financial Highlights
- Revenues totalled EUR 11.8 million (EUR 8.5 million).
- US acquisitions increase sport revenues to EUR 2.6m (EUR 1.0m), representing an increase of 149.5%.
- Non-Nordic revenues increase with 154.6%, totalling EUR 5.5 million (EUR 2.1 million).
- Organic growth amounted to 12.5% (15.0%).
- Adjusted EBITDA amounted to EUR 5.4 million (EUR 3.6 million), corresponding to a margin of 46.0% (43.1%).
- Earnings per share after dilution amounted to EUR 0.07 (EUR 0.05).
Q4 2021 Operational Highlights
- On December 9, Raketech completed the acquisition of leading US tipster asset (A.T.S. Consultants) providing tailored pre-game insights for sports. The agreed purchase price amounted to EUR 13.7 million, of which EUR 10.6 million has been settled in cash. The additional purchase price will be settled through issuance of Raketech shares amounting to EUR 2.2 million and a deferred consideration of EUR 0.9 million.
- Foundation laid for future US expansion by establishing a US business unit, led by a local Managing Director.
“The fourth and final quarter of 2021 was a strong quarter for Raketech, and I am happy to see that we have continued to deliver on our strategic goals of increasing the diversification of our business. Revenues amounted to EUR 11.8m, which is a new all-time high for the group, representing an annual growth of 40% whereof 12.5 percentage points were organic. Thanks to benefits of scale, our EBITDA increased to EUR 5.4m, corresponding to a growth of 50% and an EBITDA margin of 46%,” Oskar Mühlbach, CEO of Raketech, said.
