OPAP released its 9m and Q3 results. Results During the 9m period, total group revenues (GGR) reached €998m, flat yoy. Amounts wagered were down 0.6% to €3,044.1m. EBITDA came in at €223.8m: down 18% yoy. Adjusted for the increase in the GGR contribution (+5ppts) in January, EBITDA declined by 3.0% yoy, hit further by extraordinary costs (€6.4m) related to the VLT arbitration. Net profit reached €115.1m vs €159.1m a year earlier. During Q3, group revenues reached
23 Nov 2016
Unsurprisingly, weak 9m results brightened by hope surrounding the VLTs resurrection
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Unsurprisingly, weak 9m results brightened by hope surrounding the VLTs resurrection
- Published:
23 Nov 2016 -
Author:
Edouard Enault -
Pages:
4
OPAP released its 9m and Q3 results. Results During the 9m period, total group revenues (GGR) reached €998m, flat yoy. Amounts wagered were down 0.6% to €3,044.1m. EBITDA came in at €223.8m: down 18% yoy. Adjusted for the increase in the GGR contribution (+5ppts) in January, EBITDA declined by 3.0% yoy, hit further by extraordinary costs (€6.4m) related to the VLT arbitration. Net profit reached €115.1m vs €159.1m a year earlier. During Q3, group revenues reached