Published
Online

Sazka Group posts healthy revenue and profit rises for 2019

Revenue for Sazka Group has increased 6% year-on-year for 2019, while profit also showed a 35% rise.

FinancialReport

Gross gaming revenue (GGR) through 31 December rose to €1.91bn ($2.09bn), with net gaming revenue also up 6% to €1.31bn.

Profit from continuing operations showed a healthy increase to €311m, while EBITDA also rose, up 17% to €592m.

The Czech Republic-based operator attributed the increase in revenue and profit to a growth in digital games and instant lotteries.

Sazka Group also stated the coronavirus pandemic hasn’t led to a material interruption to business continuity, although it has had an ongoing impact on operations.

The organisation says it has taken measures to maximise liquidity given the current climate and, as of 31 March, its cash balance including its 100%-owned subsidiaries was approximately €100m.

For 2020, year-to-date GGR is still in line with the budget set before the outbreak in Czech Republic, with strong digital performance compensating for retail.

With certain business allowed to reopen in Czech Republic from 20 April, the group expects its retail business to operate at 95% capacity, up from 70% in recent weeks.

Sazka Group CEO, Robert Chvatal, said: "2019 was another very strong year for the group. Apart from the outstanding organic growth and increased profitability across all our markets, we have taken a number of important strategic steps.

"There is now a clear trend for a relaxation of restrictions and we are actively preparing to take advantages of the opportunities this will bring."

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...