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Swedish gaming operator Cherry has increased its revenue to SEK541 million (€55.9 million/$60.8 million), up 205% on the SEK177 million posted in the corresponding period last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at SEK83 million, which is 224% more than in Q1 of 2016, while EBITDA margin improved from 14.5% to 15.4%.
“With a strong acquisition year behind us, the first quarter was mainly characterised by consolidation; at the same time, we grew as planned and with good profitability. Partnerships and synergies have enabled an even stronger focus on innovation, improved customer experience and continued growth», – stated Anders Holmgren, chief executive of Cherry.
