ATG agrees 41 million in losses during the quarter from April to June.
Although it is ATG pleased with the result – as the Swedish sales increases.
– Despite competition from other games, especially during the European football Championship in June, we develop positive, says Lotta Nilsson Viitala, CFO of ATG.
Game company ATG go out with the interim report for January to June 2016.
the report shows that sales are increasing. Net sales for the period growing by 3.3 percent compared to the same period last year. During the quarter April-June, growth was 1.0 percent.
– Despite competition from other games, especially during the European Football Championship in June, we develop positively. It is gratifying to see that the development that began in 2014 – when we turned the turnover development – has continued during the first half of 2016 and we will do our strongest first half in company history, says Lotta Nilsson Viitala, CFO of ATG in a press release.
When it comes to the international betting turnover is, however, a decrease of 26.5 percent.
“This is an effect of a number of agreements with foreign partners ended on 2015-12-31 due to a new business model, which among other things aims to reduce risk and increase ATG’s margins for international business, which is also reflected in the outcome, “writes ATG in the report.
at the same time the gaming company with SEK 41 million in losses during quarterly period april to June this year. Last year the figure was 7.1 million in losses.
Net costs have increased, which is part of the planned development of the company and the result of including the launch of the V75 Boost, launch of products in 7- Eleven and Pressbyrån and other major efforts to increase market presence.
– We want to offer our customers Sweden’s most engaging gaming experience and meeting place for games. The net cost is part of our effort to increase sales in both the short and long term, says Lotta Nilsson Viitala.
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