OPAP reported mixed Q2 19 numbers – revenue beat street consensus marginally while EBITDA came in lighter than estimates. The VLT segment once again drove growth, more than offsetting the weakness in the Betting and ‘Instant & Passives’ segments. Lottery reported a decent showing. In addition, the recent issue regarding VLTs has now been resolved and the VLT rollout has restarted in Q3. Following the softer than expected (vs AV estimates) top-line performance, we will be
12 Sep 2019
VLTs lead Q2 19, but momentum remains questionable
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VLTs lead Q2 19, but momentum remains questionable
- Published:
12 Sep 2019 -
Author:
Virendra Chauhan -
Pages:
3
OPAP reported mixed Q2 19 numbers – revenue beat street consensus marginally while EBITDA came in lighter than estimates. The VLT segment once again drove growth, more than offsetting the weakness in the Betting and ‘Instant & Passives’ segments. Lottery reported a decent showing. In addition, the recent issue regarding VLTs has now been resolved and the VLT rollout has restarted in Q3. Following the softer than expected (vs AV estimates) top-line performance, we will be