Enhanced Collaborative, a sports wagering media enterprise, witnessed substantial expansion in 2020. Their earnings leaped by 35% to €91.2 million (approximately $110.9 million), with inherent growth reaching a commendable 8%.
This surge wasn’t merely superficial. Their profits (EBITDA) experienced a robust 34% rise, hitting €36.6 million, and the cash influx from their operations escalated by an impressive 44% to touch €38.3 million. They successfully drew in over 43,700 new funding clients, sustaining the same momentum as the prior year.
The final quarter of 2020 proved particularly fruitful for Enhanced Collaborative. They observed revenue soar by 88% to €36.7 million, propelled by a 32% inherent growth figure and a calculated incorporation of Atemi Group, which they seamlessly integrated. In contrast to the preceding quarter, their revenue doubled, and their pre-tax profit (excluding extraordinary items) ascended by 92% to achieve €13.6 million.
Looking forward, Enhanced Collaborative has established ambitious targets for 2021. They aspire to exceed €160 million in revenue, attain an EBITDA surpassing €50 million, and uphold a vigorous inherent growth rate exceeding 20%.
Jesper Søgaard, the Chief Executive Officer of Enhanced Collaborative, conveyed his satisfaction in the company’s adaptability and exceptional achievements throughout a demanding year.
We began 2021 with a blend of optimism and anxiety, prepared to confront whatever challenges the year might present.