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14 Feb 2017 07:00
14 February 2017
Veltyco Group PLC
("Veltyco")
TRADING UPDATE
Veltyco Group plc (AIM:VLTY), the online marketing company in the gaming, lottery and financial trading businesses, is pleased to provide a trading update for the year ended 31 December 2016.
Further to the update given on 13 December 2016, the Board of Veltyco is pleased to confirm that trading in December continued to be strong. Based on the management accounts the Board expects that the results for the year ended 31 December 2016 will be significantly ahead of market expectations with net revenues in excess of €5.7 million (2015: €2.6m) and the adjusted operating EBITDA for the full year 2016 in excess of €2.0 million (2015: € 0.7m).
The Board expects to publish the audited final results in April 2017.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
For further information please contact:
Veltyco | +44 (0)16 2460 5764 |
David Mathewson, Chairman Marcel Noordeloos, CFO |
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Northland Capital Partners Ltd | +44 (0)20 3861 6625 |
Tom PriceEdward Hutton |
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IFC Advisory (Financial PR) | +44 (0)20 3053 8671 |
Graham HerringTim MetcalfeMiles Nolan |
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About Veltyco
Veltyco is a holding company primarily focused on generating marketing leads and entering into marketing contracts for the activities of its partners in sports betting, casinos, poker games, lottery and options trading, such as Betsafe (online casino and sports betting), LottoPalace (lottery), Option888 and Zoomtrader (both Options trading). Veltyco focuses on all of these three complementary industries under one umbrella, leveraging its historical cash generative activities of marketing online casinos and sports betting.
Website: http://www.veltyco.com/
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