Raketech’s Board of Directors withdraws dividend proposal

After careful consideration and in order to best serve the business’s needs, increase the company’s long-term financial flexibility, and serve the long-term interests of both the company and its shareholders, the Raketech Board of Directors has decided to withdraw its previously announced proposal to the Annual General Meeting on 16 May 2024 to distribute dividends in 2024.

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Raketech Delivers Full Year in Line With Previously Increased Guidance

February 21, 2024 – Raketech Group Holding Plc (Nasdaq: RAKE) today announced the fourth quarter report for 2023 in line with previously increased guidance, with a total revenue of EUR 22.8 million and an organic growth of 45.3% Y/Y. The full-year 2023 revenue amounted to EUR 77.7 million and an organic growth of 47.6%. Raketech also updates guidance for 2024, where EBITDA is expected to come in between EUR 24-26 million.

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Invitation to Raketech’s Q4 2023 conference call

February 08, 2024 – Raketech Group Holding Plc (Nasdaq: RAKE), the iGaming performance marketing partner, will publish its Q4 2023 report on February 21, 2024, at 08:00 CEST. The presentation of the report will start at 09:00 CEST – held by Raketech’s Acting CEO Johan Svensson and CFO Måns Svalborn.

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Oskar Mühlbach leaves his role as CEO of Raketech

The Board of Directors of Raketech and Oskar Mühlbach have jointly agreed that Mühlbach will leave his role as CEO, due to different views on the strategic direction of the company. Co-founder and former Board member Johan Svensson will take on the role as Acting CEO until a new permanent CEO has been appointed.

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Raketech Delivers a Strong Q3 In Line With Previously Increased Trading Update

November 15, 2023 – Raketech Group Holding Plc (Nasdaq: RAKE), today announced the third quarter interim report in line with the increased trading update from July 24th with a total revenue of EUR 21.5 million and an organic growth of 66% Y/Y, adjusted EBITDA grew by 16.5% Y/Y to EUR 5.6 million. The company is expected to close 2023 in line with previously increased guidance of EBITDA at EUR 23-25 million as well as net cash flow in the interval of EUR 13-15 million, while beating guidance with regards to revenue of EUR 65-70 million.

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