SAZKA Group and together with its subsidiaries and equity affiliates has announced its financial results for the twelve months to 31 December 2019.

Gross gaming revenues increased by 6% to €1,906 million 2018: €1,798 million.Consolidated EBITDA increased by 17% to €592 million 2018: €508 million)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).

Adjusted EBITDA excludes the impact of one off items of €11.0 million on a consolidated basis, primarily consisting of costs relating to the potential acquisition of Novomatic’s stake in CASAG and certain financing transactions and certain impairments at OPAP, partly offset by adjustment for the release of a provision at OPAP (€16.1 million).

Revenues for 2019 include €8.4 million from the Company’s parent KKCG, representing recharges of certain expenses relating to the VTO incurred by the Company.