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SAZKA Announces 2019 Financial Results and Current Trading Update

Published

5 years ago

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Image by Gerd Altmann from Pixabay
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SAZKA Group has announced its 2019 financial results and provided an update on current trading.

Consolidated gross gaming revenues (GGR) increased by 6% to €1906 million, compared to €1798 million in 2018. Consolidated EBITDA increased by 17% to €592 million, compared to €508 million in 2018, with growth in all key geographies and major business segments. Consolidated Adjusted EBITDA, excluding certain one-off items, was €603 million.

Consolidated profit for the year after tax from continuing operations increased by 35% to €311 million (2018: €230 million). Consolidated cash generated from operating activities increased by 21% to €474 million (2018: €393 million).

The global COVID-19 outbreak has an ongoing impact on the operations of the Group. Different products and geographies have been affected to varying degrees by the COVID-19 outbreak, with online sales performing strongly.

As of 31 March 2020, the cash balances of the Company and its 100%-owned subsidiaries were approximately €100 million. On 23 April 2020, the Group received a €49 million dividend from LOTTOITALIA.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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