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STS Group reports 17% increase in 2022 NGR

Polish operator STS Group has reported NGR of PLN663m ($152.8m) for 2022, a 17% increase from the prior-year period.

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The value of amounts staked by customers amounted to PLN4.67bn, up from PLN4.49bn in the prior-year period. Active users grew from 693,000 in 2021 to 783,000 in 2022, with new registrations up from 370,000 to 439,000. The number of customers who made their first deposit climbed from 249,000 in 2021 to 317,000 in 2022.

STS Group noted that all operational data has reached historical highs, with NGR reaching an all-time high of PLN200m in the fourth quarter of 2022. Preliminary estimates, meanwhile, show that adjusted EBITDA last year amounted to between PLN265m and PLN275m.

“In line with our earlier announcements, Q4 2022 turned out to be record-breaking,” said Mateusz Juroszek, President of the Management Board of STS Holding. “The calendar of sports events and the World Championships held in Qatar contributed to high customer activity.

“Our offer attracted as many as two hundred thousand new players in the last three months of the year. During the World Cup alone, we had nearly half a million active customers.”

In 2023, STS Group aims to increase the profitability of its operations by focusing on Poland and phasing out its activities under licences in the UK and Estonia, with the company referencing the “extremely high attractiveness” of the Polish market.

Juroszek added: “Operating data for last year clearly show that the domestic market is in a growth phase, despite the extremely difficult macroeconomic environment - the war in Ukraine, high inflation and economic stagnation. Therefore, we intend to use this potential as fully as possible and continue to strengthen our leading position in the country. For this purpose, since the beginning of this year, we have been focusing our activity exclusively on Poland. 

“Our goal for the difficult year 2023 is greater efficiency of operations and a number of implemented savings. The new agreement with the Polish Football Association, focus on the Polish market and a number of synergies resulting from changes in the structure of the group will positively affect our profitability and facilitate further EBITDA growth.”

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