Snaitech returns to profit

Business News

The Board of Directors of Snaitech SpA, approved the draft financial statements for the year 2017 and the consolidated financial statements, which reports revenues of 889.6 million euros, an EBITDA of 135.9 million euros, an EBIT of € 82.1 million and a positive Net Result of € 27 million.

The 2017 collection of games under concession, driven by the online sector, amounted to 10 billion euro, a slight increase (+ 0.1%) compared to the previous year.

In 2017, the Group’s total deposits amounted to 10.5 billion euros, down 0.5% compared to 2016.

Total Group revenues show a 1% contraction, from 898.5 million euros in 2016 to 889.6 million euros in 2017, mainly attributable to the increase, as of April 2017, of the PREU on gaming machines and a decline in the collection of gaming machines themselves, partially offset by the growth in online gaming and betting, by a lower level of payouts in sports betting and by the positive effect on revenues from lower payouts for AWP and VLT.

The parent company Snaitech SpA generated revenues for a total of € 879.9 million (including the effect of the merger with the company Trenno Srl), down by 0.15% compared to € 881.2 million in 2016. EBITDA it is equal to 136.1 million euros (132.4 million euros in 2016), while EBIT is positive for 83 million euros (58.7 million euros in 2016).

In 2017 the development and development of digital platforms continued successfully: the Group in the online segment, represented by bets and games (bingo, card games in tournament and cash mode, casino games and online slots), in 2017 it raised 1,614 million euros against the 1,243 million euros of 2016 (+ 29.9%). The growth in deposits, both in the betting sector (+ 34.3%) and in games (+ 28.3%), is mainly due to the expansion of the range of products offered and to the cross-selling activity on the physical channel.

The market share in this segment, even in the presence of increasing competitive pressure, is equal to 6.3%.

Lastly, it should be noted that in 2017 online sports betting recorded a payout equal to 86.5% compared to 87.1% in 2016.