“Strong” first-half performance by OPAP

Finance News

OPAP posted a 12% year-on-year (YoY) revenue increase for Q1 2021 to €570.1m. Gross profit from gaming operations was up by 30.2% to €248.8m. EBITDA came in at €143.5m up by €127.3m. Net profit stood at €82.1m.

Comment of OPAP’s CEO, Mr. Jan Karas, on the H1 2021 results: “We are delighted to announce our Q2’21 set of results that demonstrate a strong return to normality. Our performance was clearly aided by solid retail recovery while online revenues retained a strong growth momentum.

Despite the COVID-19 restrictions still in place, we have successfully managed to attract customers back to our stores, thanks to our comprehensive commercial plan and constant focus on providing world-class gaming entertainment. This approach supports the recovery and sustainability of our partners’ business. At the same time, we continue to lead the online market on the back of our long-term dual strategy with our investment in Kaizen Gaming continuing to pay off, while further enhancing and differentiating our OPAP branded online offering.

Overall, OPAP deploys a unique business model constantly developing and delivering services to better meet our customers’ expectations. Looking forward, we remain committed to expand our online presence, digitalize the retail experience and evolve the brand and product portfolio so as to attract new audiences and further reactivate existing ones.”