Allwyn, previously Sazka, has announced remarkably strong financial results for the initial quarter of 2023. Their income surged by an impressive 65% year-over-year, hitting €869 million (approximately $912 million). This exceptional outcome is credited to the easing of pandemic limitations and the firm’s venture into fresh territories.
Although certain regions, such as Greece and Cyprus, are still in a state of recuperation from the pandemic’s impact, Allwyn maintains a positive outlook. Their modified EBITDA (earnings before interest, taxes, depreciation, and amortization) witnessed a substantial rise as well, climbing by 86% to nearly €269 million.
This accomplishment arrives at a critical juncture for Allwyn. The corporation is taking steps to list on the New York Stock Exchange and has also secured the position of preferred candidate to manage the UK’s National Lottery. This represents a significant opportunity, even though the existing operator, Camelot, is contesting the decision through legal channels.
Robert Chvatal, Allwyn’s Chief Executive Officer, expressed satisfaction with the outcomes, remarking that the company has “commenced the new year with robust momentum.” With their strategic endeavors and ongoing expansion, Allwyn is favorably situated for a promising future.
The initial three months of this year saw significant strategic progress for our company. We’ve laid the groundwork for expansion by implementing intelligent initiatives.”
Chvatal admitted that although ongoing price increases are burdening consumers, Allwyn has remained largely unaffected.
“Our products are reasonably priced, our clientele typically spends a modest amount, and we’ve cultivated a dedicated customer base,” he stated. “Therefore, at least up to this point, the impact on us has been minimal.”
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