2017 was Good for Yggdrasil, According to Year-ending Reports

Published February 28, 2018 by Lee R

2017 was Good for Yggdrasil, According to Year-ending Reports

Yggdrasil is effectively expanding and diversifying into 2018.

Yggdrasil’s Q4 figures are in, and they are as strong as ever. 

Jumps in Q4

Highlights for the quarter include revenue jumping 61% to MSEK 51.2 from Q4’s 2016 total of 31.8. A healthy 42% jump was turned in for EBITDA as well, increasing to MSEK 21.5 from last year’s 13.2.

EBIT for the period also increased nicely, reaching MSEK 17.5 from 9.3 for a 34% jump.  

Increased Patronage

Player activity increased as well, with transaction rounds improving 87% to 1,184.

Mobile Expansion

The quarter also revealed that mobile gaming has reached 59% of total gross game win, with new licence agreements surely helping out.

New Deals in Q4

The deals include new ink with Pinnacle, Tabcorp, Rank Group and Snaitech, with further exciting plans on the horizon for Yggdrasil’s Danish market entry through new deals with Jackpotjoy Group, Danske Spil/Bwin.dk and LeoVegas.

New Releases

The quarter also saw two bold new titles being released: Pumpkin Smash and Reptoids.  Those two offerings came with an announcement from Yggdrasil to add bingo to its vertical offerings in the coming year.    

New Holiday Promotion

A key promotion Yggdrasil held in Q4 2017 was the launch of EUR 500,000 Christmas Calendar campaign for operators.

Yearly Gains

Highlights for the “landmark” year in the words of CEO Fredrik Elmqvist included revenue increases of a near-double 95% to MSEK 169.1, up from 2016’s 86.9.

EBITDA for the year also showed significant improvement to MSEK 71.5, up from 2016’s MSEK 40.1) for a margin of 42%. EBIT also improved nicely to MSEK 58.8 (2016: MSEK 27.4) for a margin of 35%. 

New Deals in 2017

For the year, a total of 11 new network games and one operator exclusive game were released, along with 40 new licensing agreements. 

New Territory

Yggdrasil also was pleased to make its first foray into the Italian market.

Awards

On the heels of the bold new changes, Yggdrasil received industry recognition in the forms of Slot Provider of the Year at the 2017 EGR B2B Awards and IGA’s Innovator Supplier of the Year.

Innovation

On the innovation font, Yggdrasil effectively revamped its technical platform iSENSE2.0+

New Games

The year 2017 saw the launch of a brand new game mechanic called Fusion Realms supporting its first game, the newly released Jungle Books, as well as the launch of a new business initiative called Yggdrasil Dragons.

Outlook

Yggdrasil’s growth should only continue in 2018, with more innovation and expansion already afoot.    

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