Reading Time: < 1 minute
SAZKA Group has announced its 2019 financial results and provided an update on current trading.
Consolidated gross gaming revenues (GGR) increased by 6% to €1906 million, compared to €1798 million in 2018. Consolidated EBITDA increased by 17% to €592 million, compared to €508 million in 2018, with growth in all key geographies and major business segments. Consolidated Adjusted EBITDA, excluding certain one-off items, was €603 million.
Consolidated profit for the year after tax from continuing operations increased by 35% to €311 million (2018: €230 million). Consolidated cash generated from operating activities increased by 21% to €474 million (2018: €393 million).
The global COVID-19 outbreak has an ongoing impact on the operations of the Group. Different products and geographies have been affected to varying degrees by the COVID-19 outbreak, with online sales performing strongly.
As of 31 March 2020, the cash balances of the Company and its 100%-owned subsidiaries were approximately €100 million. On 23 April 2020, the Group received a €49 million dividend from LOTTOITALIA.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: SAZKA Announces 2019 Financial Results and Current Trading Update
