Affiliate Monitor Company by company Q1 results analysis

The feeling that something is going on at Acroud that they are not fully disclosing , at least to outside interests , is growing when it comes to recent newsflow .

In April , the company said first that an issue of shares to the previous owners of The Gambling Cabin , which Acroud bought in 2021 , had not been completed due to the previous owners failing to accept the shares as part of the earnout arrangement .

The company said nothing more at the time other than that the “ issue resolution has lapsed because the seller did not subscribe for the shares in the directed set-off issue within the subscription period ”.

However , at the end of May the company informed investors in the Q1 earnings call that it had agreed to pay the owners € 9.5m in cash to settle the earnout .

Then in late May , ahead of the publication of its Q1 earnings , the company said it has initiated a written procedure with the purpose of requesting a waiver for the obligation to repay 10 % of the outstanding bond . The SEK225m or € 19.7m bond was taken out in 2022 . Normally , Acroud accompanies its earnings with a call with analysts ( though , it should be noted that the calls are notably short of

Chart 16 : Acroud revenue Q222-Q124 (€ m )

Chart 17 : Acroud EBITDA Q222-Q124 (€ m )

Source : company reports

questions ). However , for Q1 there “ We saw a slight uptick in revenue , was no call , and all that we have to underscoring the stability of our go on was the comment from CEO business model , despite the Robert Andersson . divestiture of our poker operations . “ Another quarter with mixed “ This strategic move has not only results has passed , yet it streamlined our focus but also showcased the resilience and positively impacted our EBITDA , strategic adaptability of Acroud ,” he demonstrating that it was the right said in his press release remarks . decision for our financial health .” iGB Affiliate Monitor