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OPAP reported an increase in pre-funded net income (GGR) in the first nine months of 2018. Up 5.8%, they amounted to € 1,106.3 million, compared to 1,045 million euros. 8 million euros in the first nine months of 2017. Revenues for the third quarter of 2018 increased by 3.2% compared to the same period of the previous year, to 368 euros. , 9 million, mainly due to the increased contribution of video lottery devices and the improved performance of JOKER.
The gross profit gaming amounted to 434.0 million euros for the first nine months of 2018, compared to 408.2 million euros for the first nine months of 2017, up 6.3%. In the third quarter of 2018, gross profit increased by 5.2% to 146.0 million euros, compared with 138.7 million euros in the third quarter of 2017, recording a proportional increase in the rate of growth. growth in the turnover.
The operating income before taxes, interest and depreciation (EBITDA) increased by 9.4% to reach 244.6 million euros in the first nine months of 2018, compared to 223.5 million euros for the first nine months of 2017. In the third In the quarter of 2018, EBITDA amounted to 87.2 million euros. 6.1% on an annual basis. Not understood extraordinary
Q3 2017 revenue (litigation provision reversal of € 14.7m), third quarter 2018 EBITDA
increased by 11.6% on a recurring basis.
The net profits compared to € 93.2 million in the first nine months of 2017. Net income for the third quarter of 2018 amounted to € 39.1 million compared to € 43.5 million. (or 33.0 million euros adjusted for the extraordinary result) of the corresponding period last year.
The main developments
ALV – Implementation Plan: At the end of the third quarter of 2018, 16,043 video lottery machines were in service at 320 Play stores and 1,762 branches.
Start a new online sports betting platform at OPAP. OPAP has launched the new online sports betting platform Pamestoixima.gr, which offers competitive streaming services, live streaming, withdrawal and a wide variety of betting options to provide a poker experience improved to its customers. The new platform is also available via a new mobile application while its advertising campaign was launched in November.
Start KINO side bets. OCAP added two new KINO picks in October, which can be played separately, adding popular and easy game modes.
Starting the game Virtuals Sports Matchday. The OPAP launched in November a new content in the PLAY SPECTAL product line of Virtual Sports to enrich the players' experience. The Virtual Sports Championship offers players the opportunity to bet on 7 virtual tournaments available, each championship comprising 16 teams and taking place every 2.5 hours.
Damian Cope: constant progress confirmed
"Our third quarter performance confirms the steady progress made by OPAP in achieving Vision 2020," said the CEO of OPAP.
"Despite persistent macroeconomic challenges and some sporting results – including the World Cup final – which were not favorable for the company, OPAP recorded strong growth in EBITDA on a comparable, for-like basis), as well as annual revenue growth for the 5th consecutive quarter.
Gaming machines (ALV) once again contributed to the Group's results while continuing to effectively manage the company's cost base. In the fourth quarter, we strengthened our portfolio with new products in numbers and bets, which were well received by our customers. In addition, our new online betting platform is already in place and we are finalizing our development plans with a 2019 challenge as we approach the year with the highest transaction volume we are optimistic that we will meet our expectations and expectations. our long-term ambition to establish OPAP as a world-clbad entertainment and gaming company. "
* See detailed information in the Accompanying Materials column.
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