28 Nov 2017 07:00
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28 November 2017
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Veltyco Group plc
("Veltyco", the "Company" or the "Group")
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Trading Update
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The Board of Veltyco Group plc (AIM:VLTY), the online marketing company for the gaming industry, is pleased to provide a trading update prior to the year ending 31 December 2017.
Further to the update given at the time of the interim results for the six month period ended 30 June 2017, as announced on 18 September 2017, the Board ofΒ VeltycoΒ is pleased toΒ announce that trading since the interim resultsΒ hasΒ remained strong. Given current levels of business, the Board expectsΒ revenue and EBITDA to beΒ significantlyΒ ahead ofΒ marketΒ expectations for the year ended 31 December 2017.
Since the interim results, the Group has continued to grow, with the Bet90 brand, which launched its new website at the end of July 2017, showing a good increase inΒ all KPI's andΒ performing well in line with management expectations at the time of the acquisition. Bet90 is expected to further contribute to the Group results in 2018, specificallyΒ byΒ entering the South American market following the agreementΒ with LAOLA1 Multimedia GmbH announced onΒ 23Β October 2017.
The Board is also pleased with the recent investment inΒ eSports.comΒ by Veltyco, as announced on 11 October 2017, which is already showing great promise and is anticipated to contribute to the growth of the Company in the years to come.
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This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
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For further information, please contact:
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Veltyco +44 (0)16 2460 5764
David Mathewson, Chairman
Marcel Noordeloos, CFO
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Strand Hanson Limited (Nominated Adviser) +44 (0)20 7409 3494
James Harris
Richard Tulloch
James Dance
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Northland Capital Partners Ltd (Broker) +44 (0)20 3861 6625
Tom Price
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IFC Advisory (Financial PR) +44 (0)203 053 8671
Graham Herring
Tim Metcalfe
Miles Nolan
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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.Β
Website: http://www.veltyco.com
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