Industry News

Allwyn Announces Preliminary Unaudited Q2 2023 Financial Results

Published

2 years ago

September 6, 2023

Niji Narayan

Reading Time: < 1 minute

Allwyn International has announced its preliminary unaudited financial results for the three and six months ended June 30 and provides an update on recent developments and current trading.

Consolidated total revenue of €2.046.4bn in Q2, up 115% year-on-year, was primarily driven by recent acquisitions. Excluding these, consolidated total revenue of €1.02bn for Q2, up 7% year-on-year, reflected continuing organic growth.

Consolidated adjusted EBITDA was €381m in Q2, up 35% year-on-year, a consolidated adjusted EBITDA margin of 42%. Excluding recent acquisitions, consolidated adjusted EBITDA was €324.5m in Q2, up 15% year-on-year.

Robert Chvatal, CEO of Allwyn, said: “I am pleased to report that Allwyn delivered another quarter of strong growth, profitability and strategic progress.

“We delivered organic revenue growth across markets and also saw a further step up in profit and free cash flow generation owing to this being the first full quarter of ownership of our recent acquisitions, Camelot UK and Allwyn LS Group (formerly Camelot LS Group).”

Related Topics:Allwyn International Camelot UK Robert Chvatal

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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.