France Pari revenues up 55% on Sportnco B2B performance
Operator eyes moves into Africa and Latin America after successful integration of Spanish-facing business Suertia
France Pari Group has reported a 55% revenue rise to €1.7m for FY17 driven by the strong performance of its B2B sportsbook solutions brand, Sportnco.
Total revenue went up €600,000 year-on-year, while EBITDA also increased by 54% to €2.3m, up from €1.5m for the same period in 2016.
Most of the firm’s profitability was driven by its B2B division, although its B2C operations in France and Spain also turned profitable, including recently integrated Spanish operator, Suertia.
Suertia was migrated to the provider’s sportsbook platform in spring 2017, with two more Spanish white label operators set to go live with Sportnco-powered websites ahead of the World Cup.
The Group also expects new B2B deals to be signed in 2018 in Europe, Africa and Latin America, adding to a portfolio of brands that already includes ZEbet, NetBet and Feelingbet.
France Pari CEO Hervé Schlosser said: “2017 results make all our teams very proud of this achievement.
“Not only does it validate our strategy, but it also strengthens our ability to invest in research and development.
“We can also invest in other company acquisitions, following the success of the integration of Suertia in our Group,” he added.