To better reflect Raketech’s current business mix, the Board of directors has today decided to replace the current financial targets with a more detailed near-term guidance for revenues, EBITDA and Free cash flow.
Guidance for 2023:
- Raketech expects revenues, excluding acquisitions, to reach EUR 60 – 65 million in 2023, driven by the strategic growth initiatives.
- EBITDA is expected to come in between EUR 20 – 24 million. This includes operational costs of approximately EUR 2 million for the year as an effect of Raketech taking over Casinofeber and Infinileads, following the end of the earnout period.
- Free cash flow is expected to increase substantially to around EUR 11-13 million, including approximately EUR 6 million following the integration of Casinofeber and Infinileads
Long-term, Raketech has identified significant growth initiatives, which in combination with the ongoing global shift from offline to online gambling, puts the company in a good position for continued expansion. Additionally, the Board expects that Raketech’s strongly cash-generative business model will allow for selective M&A, investments in organic growth and dividends to shareholders in line with current policy.
Raketech’s Year-end report for 2022 will be published tomorrow, 22nd of February at 08.00 CET.