Sazka Group Has Published Financial Results For 2020

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May 10, 2022
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Sazka Group Has Published Financial Results for 2020

Pan-european lottery operator and sports betting sazka group announced financial results for 2020 fiscal year, while the general director robert chvatal noted that the group demonstrated "stable results" in a difficult year affected by the covid-19 pandemic.

Over 12 monhs before december 31, 2020, sazka reported that its consolidated gross income from gambling (ggr) increased by 6% year in annual terms to 2.018 million euros. However, without taking into account casag and stoiximan ggr decreased by 26% year in annual terms due to the impact of covid19 in the second and fourth quarters.

Meanwhile, the consolidated operational ebitda for fy 2020 decreased by 22% to 459 million euros, and decreased by 38% annual calculus excluding casag and stoiximan.

The consolidated corrected ebitda operator decreased by 11% compared to the sum of period last year to 538 million euros, and its consolidated earnings after taxation on the ongoing activities also decreased by 28% to 224 million euros.

General director robert chvatal commented:

"I am pleased to report that sazka group showed good results in an unstable year. Our gross revenue from gambling increased by 6%, and the profitability of the adjusted ebitda was 44%.

Sazka also published results for the 4th quarter of 2020, notifying that its consolidated ggr increased by 12% on annualized basis to 597 million euros, and the consolidated operating room ebitda decreased by 41% to 96 million euros. Consolidated earnings after taxation also increased by 42% compared to the same period last year to 134 million euros.

The operator suffered from a pandemic throughout the year, since certain restrictions that were newly introduced in november were influenced by its physical retail network in greece and casino in austria and abroad. The second wave of covid restrictions will be transferred to 2021, and some of its enterprises will continue to be affectedd.

However, the sazka online sales, which increased significantly during the first period due to pandemic restrictions on the opening of stores, continued to grow.

Chvatal added:

"2020 showed that we are well prepared for extreme weather conditions. In particular, we benefit from our diverse range of products, sales channels and geographical presence, our favorable cost structure, strong cash flow generation from our business, as well as high liquidity and access to multiple sources of capital.

We have achieved significant progress in achieving our strategic goals in 2020. I am especially pleased with the success of our only in digital format. It was already for us the main strategic direction, and our experience of the last few months only emphasized the advantages that it can bring.

Changes in consumer behavior as a result of covid-19 allowed us to develop our products and increase our user bases faster than it would be otherwise, thanks to a significant increase in the number of registrations and active users, as well as the launch of several interesting products. . It im important to note that we have saved this powerful impulse as restrictions weaken.

In general, i am very pleased with the high results of the activities and the strategic progress of sazka group in 2020. I am extremely proud of the persistence that our enterprises demonstrated, and would like to thank the entire sazka group for their hard work and perseverance. , and also for the use of opportunities to promote our strategic priorities ".

Source: lottery daily

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