[ad_1]
EBITDA and net profits increased for the nine months of 2018, while operating expenses decreased in the last quarter.
In particular, OPAP has announced net income before tax (GGR) increased by 5.8% to 1,106.3 million euros. over a nine-month period 2018 (a nine-month period in 2017: 1,045.8 million euros). In the third quarter of 2018, pre-funded net income (GGR) increased by 3.2% to € 368.9 million. (T3: 2017: 357.4 million euros), due to the increasing contribution of video lottery devices and the strong performance of Joker.
The net profits amounted to € 105.2 million over a nine-month period in 2018 (2017: € 93.2 million), up 12.8%, while net profit for the third quarter of 2018 was amounted to 39.1 million euros (third quarter). 2017: € 43.5 million), down 10.1% from the same period last year, but up 18.4% on a recurring basis.
At the same time, the Agency announced:
Gross profit (gaming) increased by 6.3% over the nine-month period from 2018 to € 434.0 million (a nine-month period 2017: € 408.2 million). In the third quarter of 2018, the gross margin increased by 5.2% to € 146.0 million (third quarter 2017: € 137.7 million), which corresponds to a growth rate of 2 percentage points higher than the corresponding growth. revenues.
Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 9.4% to reach 244.6 million euros in 2018 (2017: 223.5 million euros in 2017), while EBITDA for the third quarter of 2018 was 87.2 million (third quarter 2017: € 92 million). , 9 cents), down 6.1% year-on-year but up 11.6% on a recurring basis.
The operating expenses the third quarter of 2018 amounted to 66.0 million euros. down 1.3% on a recurring basis.
Strong cash position, net debt of 462.3 million euros and net EBITDA 1.4x.
16,043 VLT and 4,016 SSBT installed on September 30, 2018.
Start a new online sports betting platform
Insert new betting options in the main games: KINO side bets and virtual sport day
Declaration of Director General of OPAP, Mr. Damian Cope, for the financial results for the third quarter of 2018:
"Our third quarter performance confirms OPAP's steady progress in achieving Vision 2020. Despite persistent macroeconomic challenges and some sporting events – including the last World Cup – which were not favorable. to the company, OPAP posted strong EBITDA growth on a comparable basis as well as revenue for the fifth consecutive quarter, once again contributing to the Group's results while continuing to effectively manage the cost base. of the society.
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 operational and we are finalizing our development plans with an ambitious 2019.
As we approach the year in which the volume of trade is highest, we are optimistic to meet our expectations and our long-term ambition to establish OPAP as a global entertainment and gaming company. . "
See the full announcement in the right column "Related Files"
Source link
