OPAP, the Hellenic language gaming operator, had a undecomposed yr last-place year. Partially due to its further acquisition of Stoixman, the company reported a 36.2% year-on-year win inwards porcine gaming revenue.

OPAP had a strong financial view in 2021, leading to an step-up inward profitability and substantial benefits for shareholders. The just tidings came during the introduction of the operator’s financial results for the unit year to analysts.

The improved performance was the result, inward part, of OPAP’s deal with Stoixman. The fellowship already owned a portion of the sports betting operator, but spent the past times two years purchasing the rest. Its stronger situation inward Hellenic Republic and Europe testament preserve to ride revenue higher.

OPAP Grows its Gaming Operations

OPAP’s 144 gaming revenue (GGR) for FY2021 stood at nearly €1.54 billion (US$1.7 billion), growth of to a greater extent than 36.2% from the previous year. In the 4th quarter, GGR reached €498.5 one thousand thousand (US$546.65 million).

Earnings before interest, tax, wear and tear and amortization (EBITDA) for 2021 reached €550.3 zillion (US$604.67 million, for a year-on-year make headway of 111.1%. Fourth-quarter EBITDA reached €170.4 one thousand thousand ($187.2 million).

Overall, the fourth canton of 2021 was historically among the best-performing ones, inwards terms of GGR, and the company’s immediate payment balances strengthened further,” stated OPAP CEO Jan Karas.

Net turn a profit for 2021 stood at €259.4 meg (US$285 million), 26.4% higher than the previous year. In addition, the 4th quarter’s net gain was €86.1 meg (US$94.6 million).

As a result, the Board of Directors of OPAP proposed the dispersion of a 144 dividend of €0.50 (US$0.55) per share at the Annual General Meeting of Shareholders. Together with the already distributed meanwhile dividend of €0.10 (US$0.11), the dividend for 2021 amounts to €0.60 (US$0.66) per share.

In addition, the Board proposed to the AGM the statistical distribution of €0.90 (US$0.99) per divvy up as uppercase return. In total, the shareholders’ remuneration for the financial year 2021 amounts to €1.50 (US$1.65) per share.

Resiliency and Recovery Drive Results

Jan Karas, OPAP’s CEO, highlighted the “resilient performance” of the company’s retail activities as a factor in for cobbler's last year’s success. As he pointed out, despite the ongoing challenges of the COVID-19 pandemic, the recovery of the retail web accelerated.

A key role was played past the company’s comprehensive commercial design and initiatives that focused on the customer’s amusement and digitalization. Among other things, the OPAP Rewards trueness programme met great acceptance, with approximately 600,000 registered customers at the ending of 2021 and in particular in high spirits levels of dynamic users.

In addition, Karas stood on the new OPAP Store App. This upgrades the digital have in OPAP, allowing customers to recreate and collect their profits digitally, without visiting the company’s retail establishments. The airplane pilot form is completed, and the full performance of the diligence testament bulge within the second billet of 2022.

Moreover, the digital rising slope of the electronic network continues dynamically, as more than 1,100 agencies have got already installed smartness digital infrastructure and Bodoni audiovisual equipment. Also, the companion farther strengthened its mathematical product portfolio by including young options inwards Powerspin and Pame Stoixima, upgrading virtual games and optimizing video drawing terminals.

Online Activity Growing

Online activity continued to live a tonality driver of growth. OPAP’s online client meanspirited developed further, thanks to the enhancement of online products, upgraded front-end environments, and targeted CRM activities.

Karas focussed on the recent demonstration of the renewed unrecorded cassino of the Pamestoixima.gr platform. This offers a sophisticated gaming see and Greek dealers at live interactive tables. He also highlighted the availability of Virtuals+, which offers customers the widest change of virtual sports.