Baltic Export, Latvia, Markets and Companies

It is expected that the company's rapid development will continue in the second half of 2016 and that growth of Evolution Gaming this year will be larger than the sector's average growth. Total increase of the sector's turnover is estimated to be some 30%.

The company indicates that 2015 provided record-high results for Evolution Gaming and that the figures of turnover are growing this year as well, ensured by successful collaborations with customers around the world. The growing turnover indicates a steady transition of the entertainment industry to internet platforms. People want to be mobile, to relax and enjoy themselves in their own time, place and conditions. That is substantiated by indicators of the mobile service segment, which show that 40% of Evolution Gaming customers rather use the company's mobile application.

This year Evolution Gaming made its largest investments in Latvia, since the purchase of the company's central office and studio building at 151 Brivibas Street concluded in February.

As reported, last year Evolution Gaming group turnover grew by 55% to EUR 75 mln.

Evolution Gaming shares are quoted on the Nasdaq First North Premier stock exchange. The company operates in the Business To Business (B2B) market and it does not have direct business relations with the end consumer, as the company itself does not provide casino services.

The company was founded in 2006 and currently is the market leader in Europe. Evolution Gaming is represented in eight countries. The company in Latvia is the largest, ensuring the group's basic operations. The company is also represented in Malta, the United Kingdom, Sweden, Spain, Italy, Estonia and Belgium. In 2015, the company's profit was EUR 75.192 mln, while its EBITDA was EUR 31 mln.