{"id":43,"date":"2024-06-12T00:36:41","date_gmt":"2024-06-11T21:36:41","guid":{"rendered":"https:\/\/tashirodc.com\/2024\/06\/12\/fortuna-group-reports-strong-q3-2017-results-driven-by-digital-growth-and-acquisitions\/"},"modified":"2024-06-13T11:55:34","modified_gmt":"2024-06-13T08:55:34","slug":"fortuna-group-reports-strong-q3-2017-results-driven-by-digital-growth-and-acquisitions","status":"publish","type":"post","link":"https:\/\/tashirodc.com\/2024\/06\/12\/fortuna-group-reports-strong-q3-2017-results-driven-by-digital-growth-and-acquisitions\/","title":{"rendered":"Fortuna Group Reports Strong Q3 2017 Results Driven by Digital Growth and Acquisitions"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/fJpPNBrGyHM\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A prominent European wagering and entertainment corporation, Fortuna Group, has revealed remarkable financial figures for the initial three quarters of 2017. The company witnessed a substantial 69.1% upswing in wagering volumes in contrast to the corresponding timeframe in the preceding year.<\/p>\n<p>This equates to an aggregate of \u20ac1.3 billion staked by patrons by the conclusion of September. This extraordinary expansion in wagering engagements propelled a 54.1% escalation in overall earnings, attaining \u20ac1.853 billion.<\/p>\n<p>The enterprise ascribes this triumph to several pivotal elements. Primarily, their digital endeavors have undergone considerable enlargement, notably within their domestic Czech Republic market. This encompasses both their customary fixed-odds athletic wagering and their internet-based casino offerings. Additionally, tactical acquisitions such as Hattrick Sports Group and Fortuna Romania have amplified their scope and clientele.<\/p>\n<p>This favorable impetus is similarly apparent in their profitability. Earnings preceding interest, taxation, depreciation, and amortization (EBITDA) surged by an remarkable 77.9% to \u20ac28.3 million. Nevertheless, it&#8217;s noteworthy that net income experienced a marginal decline of 18%, reaching \u20ac7.9 million for the period.<\/p>\n<p>Per Widerstr\u00f6m, Chief Executive Officer of Fortuna Entertainment Group, conveyed his contentment with the outcomes, remarking, &#8220;These robust financial outcomes serve as evidence of our strategic emphasis on operational efficiency, our innovative platform, and broadening our presence.&#8221; He underscored that all their essential performance metrics exhibited substantial advancement.<\/p>\n<p>Widerstr\u00f6m emphasized the company&#8217;s accomplishments, &#8220;Our wagered sums expanded by 69.1% year-on-year, hitting \u20ac1.3 billion, while gross winnings attained \u20ac1.853 billion and EBITDA reached \u20ac28.3 million, signifying year-on-year augmentations of 54.1% and 77.9% correspondingly.&#8221; He further appended, &#8220;If we account for non-recurring expenditures associated with mergers and acquisitions and assimilation, our EBITDA escalated by 105.6% year-on-year.&#8221; <\/p>\n<p>They sought to grasp market forecasts for the remainder of 2017, particularly how anticipated expansion from the merger would play a role. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A prominent European wagering and entertainment corporation, Fortuna Group, has revealed remarkable financial figures for the initial three quarters of 2017. The company witnessed a substantial 69.1% upswing in wagering volumes in contrast to the corresponding timeframe in the preceding year. This equates to an aggregate of \u20ac1.3 billion staked by patrons by the conclusion [&hellip;]<\/p>\n","protected":false},"author":109,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fortuna Group Reports Soaring Profits in 2017 - See Why!<\/title>\n<meta name=\"description\" content=\"Fortuna Group saw a massive 69.1% increase in wagering volume in the first three quarters of 2017. 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