Trading Update

RNS Number : 8541D

Veltyco Group PLC

05 February 2018

 

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                                                           [phone]

Gilles Ohana, Non-executive Director

Marcel Noordeloos, CFO

Strand Hanson Limited (Nominated Adviser)     [phone]

James Harris

Richard Tulloch

James Dance

Whitman Howard Ltd (Broker)                                  [phone]

Francis North - Corporate Broking

Nick Lovering - Corporate Broking

IFC Advisory (Financial PR)                                          [phone]

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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