SAZKA Announces 2019 Financial Results and Current Trading Update

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.