Sazka GGR rose to €526.3m in Q1

Q1 Financial Results

Czech lottery giant Sazka Group reported a 29.9 per cent rise in gross gaming revenue (GGR) to €526.3m (£452.4m/$637.7m) for Q1 2021.

According to the latest results, the Czech market contributed €95.7m, which was a rise of 24.3 per cent.

Meanwhile, Greece and Cyprus contributed €174.2m, which was down 46.9 per cent, due to the closure of retail outlets in both markets during the quarter.

The Austrian market was responsible for €257.4m, which represented a fall of 16.7 per cent on the previous year, however, the share generated by Austrian Lotteries, was up 23.6 per cent to €255m.

The firm’s B2B contracts in Italy generated an additional €134.3m in revenue, which was up from €102.8m in the previous year. This was excluded from the GGR figure.

A further €27.2m was generated from non-gaming activities, which represented a fall of 2.9 per cent from the same time in the previous year. Other operating income was up to €82m compared to €12.1m at the same time in Q1 2020.

The operator reported net gaming revenue for the period of €283m, up 6.1 per cent on Q1 2020.

Sazka reported operating earnings before interest, tax, depreciation and amortisation (EBITDA) of €132.6m, which was a rise of 20.3 per cent from €110.2m in Q1 2020.

The firm’s profit after tax came to €35.2m, which was up 44.3 per cent on the same quarter in 2020.

Sazka group’s chief executive Robert Chvatal said: “I look forward to a great year as our strong trading momentum persists, our impacted businesses in Greece and Austria return to normal conditions, and we continue to make progress on our strategic objectives.”