STS Group sees first quarter revenue rise 7%

Finance News

STS Group one of the largest bookmakers in Central Europe and the market leader in Poland – from January to March of this year generated revenue of PLN 153 million, which means an increase of 7% year on year.

In Q1 2023, the Group’s net profit increased by 20% year on year, reaching the level of PLN 54 million. The net profit of the Group’s main operating company – STS S.A. – amounted to PLN 70 million, which means an increase by 18% year on year. 

Adjusted EBITDA for the STS Group in the first quarter of this year amounted to PLN 80 million, i.e. 12% more than in the corresponding period of the previous year. Moreover, the adjusted EBITDA for the STS Group in Q1 2023, excluding operations under British and Estonian licenses, amounted to over PLN 82 million. 

In Q1 2023, we achieved very good operating and financial results. Key operational indicators improved compared to Q1 2022, which was then a record period in the company’s history. Despite the high base from Q1 2022, we generated even better results and in terms of net profit, the last quarter was record-breaking in the history of STS S.A. We constantly record unflagging interest and high activity of our players. We expect this trend to continue until the end of the spring round of football leagues. In addition, in the autumn, after the return of domestic and international football competitions, the activity of players and their number should positively translate into the Group’s results – says Mateusz Juroszek, CEO of STS Holding.

The value of amounts staked in Q1 2023 in STS S.A. (excluding operations in the UK and Estonia) – the main operating company in the STS Group – was PLN 1.193 billion and was higher by 16% year on year, compared to the amount of PLN 1.026 billion in Q1 2022. From January to March of this year, NGR for STS (excluding operations in the UK and Estonia) increased by 12% year on year, from PLN 156 million to PLN 175 million. In the first few months of this year, STS generated GGR of PLN 305 million (excluding operations in the UK and Estonia), compared to PLN 279 million a year before. This represents a year on year increase by 9%.

The STS Group ended operations on foreign markets (licenses in the UK and Estonia), closing the possibility of registering accounts. The purpose of the reorganisation is to exploit, to the fullest extent possible, the potential of the Polish market, which remains the most important area of the STS Group’s operations.
The operating results indicate the extremely high attractiveness of the Polish market. The Group intends to concentrate its activities in order to be able to use the development potential in Poland.