OPAP Posts Report-Breaking FY 2023 Effects

OPAP, the well-known gaming corporate in Greece, has printed its monetary effects for 2023, reporting record-breaking income ranges. Consistent with the corporate, the sturdy determine was once underpinned through the cast expansion of each virtual and land-based operations.

Improper gaming income (GGR) for the duration strike EUR 2.08 billion ($2.27 billion), an build up of seven.7% year-on-year. For comparability, the corporate recorded a GGR of EUR 1.9 billion in 2022. OPAP added that This fall 2023 GGR got here in at EUR 581.2 million ($635 million) reflecting an build up of seven.5% year-on-year.

OPAP’s FY 2023 EBITDA remained most commonly solid at EUR 730 million (797.6 million). This represents a minute abatement of 0.8% from the FY 2022 EBITDA of EUR 736 million. This fall 2023 EBITDA, at the alternative hand, stood at EUR 210.2 million ($229.7 million), exceeding the effects recorded in This fall 2022.

OPAP’s document additionally highlighted FY 2023 improper benefit of EUR 852.3 million ($931.25 million), up through 6.7% 12 months on 12 months, and internet benefit of EUR 408.3 million ($446.1 million), indisposed through 31.1% year-on-year. This fall 2023 internet benefit, in the meantime got here in at EUR 100.6 million ($116.5 million), a determine representing a drastic 67.2% abatement year-on-year.

In 2023, OPAP’s working bills got here in at EUR 413.6 million ($451.9 million), exceeding the 2022 bills through 13.3%. This fall bills reached EUR 114.6 million ($125.2 million).

OPAP ended the 12 months in a robust monetary place, reporting a internet debt to EBITDA ratio of 0.23x, or 0.27x together with rentals.

The Greek playing gigantic additionally printed its FY 2024 steering, pronouncing that it expects GGR within the space of EUR 2.15-2.2 billion ($2.35-2.4 billion) and an EBITDA of between EUR 750 million and 770 million ($819.5-841.3 million).

CEO Karas Applauded His Staff for Handing over Report-Breaking Effects

Jan Karas, OPAP’s leading government officer, commented at the effects, praising the record-breaking revenues. He attributed the corporate’s luck to its constant trade technique and the corporate’s talent to “pursue and achieve ambitious goals.”

Karas mentioned that his group has proposed a beneficiant overall shareholder remuneration of EUR 1.85 ($2.02) in step with proportion for FY 2023, together with the already paid intervening time dividend of EUR 1 ($1.09) in step with proportion.

Taking a look forward, in series with our Speedy Ahead trade technique, we stay dedicated to additional upgrading our proposition, securing pitch expansion and profitability, rewarding our shareholders and handing over on our sustainability and social accountability targets.

Jan Karas, CEO, OPAP

OPAP additionally highlighted a few of its fresh achievements, which incorporated score amongst Greece’s govern employers and securing the Govern Employer in Greece 2024 certification. 

Previous this time, the corporate additionally introduced Eurojackpot in Greece, offering gamers with a shot at abundance financial prizes. The sport is performed in 19 nations and has dispensed greater than EUR 12 billion ($13.1 billion) since its inception in 2012.