Industry News

Sazka GGR up 30% in First Quarter of 2021

Published

4 years ago

June 15, 2021

Niji Narayan

Sazka GGR up 30% in First Quarter of 2021

Reading Time: < 1 minute

The Sazka Group has reported positive financial results for the first quarter of 2021.

Consolidated gross gaming revenue (GGR) for the period increased by 30% year-on-year to €526 million. Consolidated operating EBITDA increased by 20% year-on-year to €133 million. Consolidated adjusted EBITDA, which excludes certain one-off items, increased by 4% year-on-year to €144 million. Consolidated profit after tax increased by 44% year-on-year to €35 million.

Robert Chvatal, CEO of SAZKA group, said: “I am pleased to report that SAZKA Group delivered a robust performance in Q1. Our GGR increased by 30 per cent year on year and our Adjusted EBITDA increased by four per cent with a healthy margin of 51 per cent.

“The first three months of 2021 have once again shown that we are well positioned thanks to our diverse range of products, sales channels and geographical exposure, our rapidly expanding online business, our favourable cost structure, and the strong cash flow generation of our business.”

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Niji Narayan

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.