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Sazka GGR up 30% in First Quarter of 2021
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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Author: Niji Narayan