## Enhanced Group Experiences Robust Q4 2020, Fueled by Atemi Integration
A prominent sports wagering media entity, Better Collective, concluded 2020 on a high note, achieving €91.2 million (equivalent to roughly $110.9 million) in earnings. This signifies a 35% surge in contrast to 2019, with 8% of this expansion stemming from internal factors.
Their profit before interest, taxes, depreciation, and amortization (EBITDA) witnessed a comparable rise, climbing by 34% to hit €36.6 million. Concurrently, cash flow generated from operational activities soared by a remarkable 44%, reaching €38.3 million. The organization also disclosed the addition of 437,000 fresh depositing clients over the year, mirroring their 2019 statistics.
The final quarter proved particularly prosperous, largely attributed to the incorporation of Atemi Group on October 1st. This transaction contributed to propelling Q4 earnings to €36.7 million, an 88% leap compared to the corresponding timeframe the prior year. Even excluding the acquisition, internal expansion for the quarter remained a robust 32%. The amalgamation of the two entities has also been deemed successful.
Relative to the third quarter of 2020, Better Collective’s earnings doubled, while profit preceding tax experienced a 92% escalation, attaining €13.6 million. Cash flow derived from operational activities (excluding extraordinary items) expanded by 35% to €10.1 million, and the company gained an extra 1.53 million new depositing patrons, a 30% increment.
This positive trajectory persisted into the new year, with January 2021 earnings reaching €13 million, a 78% year-on-year surge.
Having met their 2018-2020 objectives and implemented segment reporting, Better Collective’s leadership has established ambitious fresh financial aspirations for 2021. These encompass exceeding €160 million in earnings, attaining over €50 million in EBITDA (superseding profit before tax), and surpassing 20% internal expansion.
Jesper Søgaard, Chief Executive Officer of Better Collective, conveyed satisfaction in the company’s adaptability and solid performance throughout a demanding year.
With the commencement of 2021, we are prepared to confront fresh obstacles and capitalize on the prospects that await us.
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