Another Strong Quarter Behind Yggdrasil Gaming
Another successful quarter stands behind the Swedish online gaming developers Yggdrasil Gaming who have reported a whopping 103% revenue rise during the Q2 compared to the same period last year.
Yggdrasil Keep Growing
The profit margin currently rests at 41% whereas the company increased the EBITDA by 76% with both of these segments accounting for an accelerated growth which resulted in the total corporate revenue increase of 116% during the first part of the year.
Player transactions are another aspect of the business which saw a dramatic increase in numbers, reaching staggering 1,5 billion rounds operating at a 99% increase.
Yggdrasil Gaming focused on investment during the second quarter of the financial year and the company senior staff lead by the CEO Frederik Elmqvist promises to continue investing in new markets, new games, product features and infrastructure.
The latest addition to the company’s ever-growing slot portfolio has been Valley of the Gods slot, a 5-reel and up to 3,125 ways to win game which features an exciting Egyptian theme.
The establishment of Yggdrasil Gaming Sweden AB is expected to be an important milestone for the company. The company also went through an important restructuring process, clarifying responsibilities and duties of the CSO, CPO and CTO functions which ultimately resulted in better recruitment policy.
Investments the Key
The company finished the second quarter with 23 new staff members and is eyeing more that are expected to be added to the company’s growing team currently comprised of 143 employees.
In addition to new staff, Yggdrasil Gaming has invested in new partner operations – 24 in total – which allowed this Swedish company to expand its regulated footprint significantly over the past couple of months. The United Kingdom partnership is highlighted as a single most important step for the company.