Swedish Rules Hurt LeoVegas Earnings As German Impact Looms
6th Nov 2020 | Written by: David Altaner
- CEO claims Swedish channelisation may be just 50 percent
- Executives avoid stating impact of German restrictions
Regulation in Sweden has curbed LeoVegas' third-quarter earnings and executives sidestepped analysts' questions on how tightening German regulations will affect profit.
Earnings before interest, tax, depreciation and amortisation fell 6.3 percent in the third quarter to €11.9m and revenue rose only 0.8 percent to €88.9m, the Stockholm-listed company said on Thursday.
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