Astralis reports slight increase in revenue for 2020

Danish esports organisation Astralis Group has released its financial report for 2020.

Credit: ESL / Helena KristianssonThe publicly listed company has declared “satisfactory” annual financial results that are “within expectations”, according to a release.

Here are some key financial figures (all values have been converted from Danish krone (DKK) to Great British pound):

Increase in net revenue from £5.59m in 2019 to £5.93m in 2020 (66 percent of revenue comes from sponsorships)

Improved EBITDA from -£2.61m in 2019 to -£1.67m in 2020

EBIT decreased from -£4.65m in 2019 to -£5.76m in 2020; the difference is due to increased amortisation and depreciation

Additional key points:

While most esports…