Astralis Group lost $ 5,000,000 for 2019

According to what the Astralis Group said, in 2019, the organization earned ~ 48,600,000 Danish kroner ($ 7,100,000) and lost ~ 34,600,000 kroner ($ 5,000,000).

81% of the organization’s income came from the CS: GO roster, which won six championships last year. This amounted to about 39,200,000 Danish kroner (~ $ 5,700,000). The roster for LoL, Origen, as well as the Future FC FIFA division, in turn, contributed 16% and 3% to the total contribution, respectively.

The year 2019 brought the Astralis Group new sponsorship agreements with various companies, including such as Audi, Unibet, Logitech and Jack & Jones.

In addition, Astralis Group became the first e-sports organization to decide to place its IPO shares. This happened last November. The success of the eSports club with an income of 48,600,000 Danish kroner exceeded expectations from financial analysts. In the company's prospectus, the financial forecast was 40,000,000 kroons.

In fact, the Astralis Group appeared in the summer of 2019, but its activity began 4 years ago under the banner of RFRSH ApS. Under the RFRSH ApS flag, there were several e-sports units: CS: GO rosters Astralis, Heroic and GODSENT, LoL roster Origen and a series of BLAST Pro Series tournaments.

After the management of the organization was acquired in August 2019, the Astralis Group focused on two teams: Astralis and Origen.