“The first quarter of 2021 was a solid quarter for Raketech,” says CEO Oskar Mühlbach, as the Malta-based online affiliate and content market provider posts its interim report for Q1.
“Despite Q1 traditionally being a slower quarter, revenues came in in line with Q4, totalling €8.3m,” he continued, noting that this represents an increase of 26.6 year-over year to the first quarter of 2020, with 5.4 per cent being organic.
Noting that “operational efficiency continues to be high, and that growth from our core operations can be expected to have positive impact on margin over time,” the CEO goes on to highlight the fact that the company’s primary growth drivers in the quarter were its Japanese and US operations, as well as a solid performance from network sales.
Looking ahead, Mr Mühlbach’s outlook is a positive one, affirming that the Raketech team is “currently focusing on ensuring we maximize the potential from the European Championships in Football coming up in June in addition to our continuous efforts to ensure we deliver on strategic goals with regards to geographical expansion and commercial diversification, through R&D as well as M&A.”
The CEO also took the opportunity to thank outgoing Chairman Christian Lundberg, and issuing a warm welcome to industry veteran Ulrik Bengtsson, who is nominated to take on the role. “I am very much looking forward to taking Raketech to new levels together,” he says.
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He will now assume the role of Executive Chairman, while Dexter Cutajar has been appointed CEO.
He looks back on the past week, acknowledging the need for resilience, appreciating milestones, and getting some much-needed rest.
He takes over from Alejandro Gosttuski, who will now take on the role of an Advisor.