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Veltyco Group Plc

INTERVIEW: Veltyco Group Plc Strong Interim Results

Veltyco Group Plc (LON:VLTY) Finance Director Marcel Noordeloos joins DirectorsTalk to discuss a strong set of interim results. Marcel explains the key drivers behind the good results, the rational for the two acquisitions made during the period, an expanded focus and the outlook for the rest of the year.

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.

The Board confirmed that trading during the third quarter of 2017 has continued to be strong, exceeding current market expectations. Furthermore, the Bet90 operations add a new stream of income to the Company’s operations. Bet90’s online platform runs on the SBTech sportsbook. The Bet90 website is expected to deliver a contribution in the financial year ending 31 December 2018 and the Board is focusing on expanding these operations rapidly. Given current levels of business, Veltyco Group plc board expects the results for the year ending 31 December 2017 to be ahead of the current market expectations.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.