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5 Feb 2018 07:00
5 February 2018
Veltyco Group plc
("Veltyco", the "Company" and, together with its subsidiaries, the "Group")
Trading update
Veltyco Group plc (AIM:VLTY), the online marketing company in the gaming industry is pleased to provide a trading update for the year ended 31 December 2017.
Further to the update given on 28 November 2017, 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 2017 will be significantly ahead of market expectations with net revenues in excess of €14.5 million (2016: €6.1m) and the operating EBITDA for the full year 2017 in excess of €8 million (2016: €2.1m).
The Board expects to publish the audited financial statements in April 2018.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
For further information, please contact:
Veltyco Group plc +44 (0)1624 605 764
Gilles Ohana, Non-executive Director
Marcel Noordeloos, CFO
Strand Hanson Limited (Nominated Adviser) +44 (0)20 7409 3494
James Harris
Richard Tulloch
James Dance
Whitman Howard Ltd (Broker) +44 (0)20 7659 1234
Francis North - Corporate Broking
Nick Lovering - Corporate Broking
IFC Advisory (Financial PR) +44 (0)20 3934 6630
Graham Herring
Tim Metcalfe
Miles Nolan
About Veltyco
Veltyco is a group of companies primarily focused on generating marketing leads and entering into marketing contracts for the activities of various partners in the gaming industry. Veltyco focuses on complementary activities under one umbrella, leveraging its historical cash generative activities of marketing online casinos and sports betting.
Website: www.veltyco.com
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