US – Record year for BMM TestlabsBy Phil - 26 June 2015
BMM Testlabs has announced record first quarter financial results for 2015.
“Continuing from a record 2014 financial performance, BMM achieved robust year-on-year growth in the first quarter of 2015. Revenues grew 12 per cent (22 per cent on a constant currency basis) whilst EBITDA and Cash growth outperformed Revenue growth in percentage terms,” said President and CEO Martin Storm.
Mr. Storm added: “Growth is being driven by global customers who want better returns on their testing investments. They need their products tested better and faster than ever before without an overall reduction in testing quality. This is new value that BMM generates in the market on a continuous improvement basis. In Q1 2015 key US regulators recognized the importance of having more than one gaming lab certifying products and they chose BMM. These regulators included the key states of Delaware, Kansas, Indiana and Massachusetts. They join the rest of the gaming world internationally and nearly every other gaming jurisdiction in North America who have taken the same position. Competition amongst labs is so critical to good public policy and the fundamental integrity of the gaming market. We thank them for sharing the gaming world’s vision.”