Sustained business growth for 1st half-year 2023
Increased turnover +15.2 % at € 215.6 M
It should be recalled, as a preamble, that during the first half of the previous financial year (February to
- In
Switzerland , the disposal on 31stJanuary 2022 of the stake held in the Crans-Montana casino; - In
Belgium , the entry into theGroup of the Middelkerke casino (Belgium ) on 1stJuly 2022 with an opening on 8thJuly 2022 after some refurbishments works.
Solid growth for 2nd quarter
After a very good 1st quarter 2023, the Gross Gaming Revenue (GGR) records a solid growth in the 2nd quarter 2023 up +14.1% driven by all forms of games and stood at € 169.1 M, compared to € 148. €2 M a year earlier.
In
Abroad, the GGR was up +18.1% compared to the 2nd quarter of 2022, at € 17.0 M. The Swiss online games continue to gain momentum (+24.3% over one year).
After levies, the Net Gaming Revenue (NGR) increases by +11.9 % at € 79.3 M, compared to € 70.8 M a year earlier. Business excluding gaming totals a turnover of € 20.9 M (+12.1 %).
Globally, the turnover of the 2nd quarter 2023 totals € 99.2 M, compared to € 89.1 M€ in 2022 (+11,4%).
Increased turnover in 1st half-year 2023 + 15.2 % at € 215.6 M
At the end of April, the 6 months aggregate turnover stands at € 215.6 M compared to € 187.2 M in 2022 (+15.,2%) and the NGR reaches € 176.0 M (+14.8%) thus confirming the renewed dynamism of the activity since the end of the Covid health crisis
Upcoming events:
Income 1st quarter: Tuesday 27th June, after stock market closure
Financial information 3rd quarter: Tuesday 12th
ANNEX
1- Consolidated turnover
In €M | 2023 | 2022 | Variation |
1st quarter | 116.4 | 98.1 | +18.6% |
2nd quarter | 99.2 | 89.1 | +11.4% |
Total consolidated turnover | 215.6 | 187.2 | +15.2% |
2- Construction of the consolidated turnover
2.1 – 2nd quarter
In €M | 2023 | 2022 | Variation |
Gross gaming revenue (GGR) | 169.1 | 148.2 | +14.1% |
levies | -89.8 | -77.4 | +16.1% |
Net gaming revenue (NGR) | 79.3 | 70.8 | +11.9% |
Turnover excluding NGR | 20.9 | 18.7 | +12.1% |
Fidelity programme | -1.0 | -0.5 | x2.2 |
Total consolidated turnover | 99.2 | 89.1 | +11.4% |
2.2 – Aggregate 6 months
In €M | 2023 | 2022 | Variation |
Gross gaming revenue (GGR) | 341.0 | 290.0 | +17.6% |
Levies | -165.0 | -136.6 | +20.7% |
Net gaming revenue (NGR) | 176.0 | 153.4 | +14.8% |
Turnover excluding NGR | 41.4 | 35.2 | +17.5% |
Fidelity programme | -1.8 | -1.4 | +31.5% |
Total consolidated turnover | 215.6 | 187.2 | +15.2% |
3- Breakdown of consolidated turnover by activity
3.1 – 2nd quarter
In €M | 2023 | 2022 | Variation |
Casinos | 91.0 | 81.6 | +11.5% |
Hotels | 5.7 | 5.1 | +10.9% |
Other | 2.6 | 2.4 | +8.7% |
Total consolidated turnover | 99.2 | 89.1 | +11.4% |
3.2 – Aggregate 6 months
In €M | 2023 | 2022 | Variation |
Casinos | 199.9 | 173.5 | +15.2% |
Hotels | 10.9 | 9.0 | +20.9% |
Other | 4.9 | 4.7 | +3.1% |
Total consolidated turnover | 215.6 | 187.2 | +15.2% |
4- Glossary
The "Gross Gaming Revenue" corresponds to the sum of the various operated games, after deduction of the payment of the winnings to the players. This amount is debited of the "levies" (i.e. tax to the State, the city halls, CSG, CRDS).
The «Gross Gaming Revenue» after deduction of the levies, becomes the "Net Gaming Revenue ", a component of the turnover.
Attachment
- Turnover - Q2 2023
© OMX, source