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Veltyco Group Plc

Veltyco Group PLC Trading Update

Veltyco Group plc (LON:VLTY), the online marketing company in the gaming industry has today provided 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.

Veltyco Group Plc 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.

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