Codere reports lower revenue and earnings

Business News

Codere generated a 57% fall in revenue to €594m euros for the final quarter after resuming its operations, although it recorded losses of €193.4m euros.

As a consequence of the impact of the pandemic on the different markets and the devaluation of Latin American currencies against the dollar and the euro.

Between January and September, Codere achieved an EBITDA of €28.6m euros, 88% lower, affected by the reduction in income due to the temporary closings of the face-to-face operation that affected all the company’s markets.