Sazka Group reports 14 GGR increase for Q3

Sazka Group has seen its gross gaming revenue (GGR) climb by 14% year-on-year to €867m ($976

Sazka Group has seen its porcine gaming revenue (GGR) climb by 14% year-on-year to €867m ($976.8m) for the tertiary quarter of 2021.

The Czechoslovakian lottery hulk has published its financial results for the three-month point ended 30 September, reporting warm carrying into action crosswise all paint indicators.

Its revenue was upwardly by 14% over Q2 and by 88% over Q3 2019, as Covid restrictions were lifted, and its operations returned to near-normal levels.

Likewise, Sazka’s consolidated Adjusted EBITDA increased by 40% to €285.1m, patch its hard cash flow amounted to €275.5m. All-in-all, this brings Sazka’s revenue for the firstly ennead months of 2021 to €2.14bn, a 51% increase year-on-year.

“I am delighted to cover that Sazka Group delivered yet another strong public presentation in Q3. Our GGR increased past 14% year-on-year and our Adjusted Earnings Before Interest Taxes Depreciation and Amortization increased by 40% with a security deposit of 53%, an eight-percentage-point betterment year-on-year,” remarked Sazka Group CEO Henry Martyn Robert Chvatal.

“As a result, both our GGR and our Earnings Before Interest Taxes Depreciation and Amortization reached register levels inwards the quarter, significantly to a higher place pre-Covid levels. The third canton was the first-class honours degree canton in 2021 when all our businesses operated without stuff Covid-19 related restrictions.

“Our physical retail businesses inward Hellenic Republic and Cyprus, and casinos in Republic of Austria and internationally, which were adversely impacted past restrictions inward H1, demonstrated a real rapid recovery, in demarcation with our expectations.”

However, Sazka does non look this trend to go on as various public health measures have got since been reintroduced crosswise Europe inwards response to a ascension inwards Covid cases and the new Omicron variant.

Despite this, Chvatal remained positive, commenting: “While governments have got introduced some young restrictions after the stop of the period, these are practically more modified than inwards previous periods and have, inward the typesetter's case of Austria, already been relaxed again.

“We remain optimistic virtually the outlook for Q4, supported by warm trading in to the highest degree of our businesses and inwards the online channel.”