Allwyn International announces its preliminary unaudited financial results for the three and six months ended 30 June 2023 and provides an update on recent developments and current trading.

Total Revenue of €2,046.4m in Q2, +115% YoY, primarily driven by recent acquisitions; excluding these, consolidated.Total Revenue of €1,020.8m for Q2, +7% YoY, reflecting continuing organic growth.

Consolidated Adjusted EBITDA of €381.0m in Q2, +35% YoY, consolidated Adjusted EBITDA margin of 42.0%; excluding recent acquisitions, consolidated Adjusted EBITDA of €324.5m in Q2, +15% YoY

In Q1 2023, we completed the acquisitions of Camelot UK, the current operator of the UK National Lottery, and of Allwyn LS Group (formerly referred to as Camelot LS Group), the current operator of the Illinois Lottery under a private management agreement (the “Camelot Acquisitions”).

These acquisitions have a significant impact on consolidated metrics of the Group and comparability with previous periods. Differences between the business models of the recent acquisitions and existing operations also results in profit margins not being directly comparable.

On a pro forma LTM basis, Total Revenue would have been €8,473.2 million and Adjusted EBITDA would have been €1,488.3 million.

Robert Chvatal, Allwyn CEO, commented: “I am pleased to report that Allwyn delivered another quarter of strong growth, profitability and strategic progress.

We delivered organic revenue growth across markets, and also saw a further step up in profit and free cash flow generation owing to this being the first full quarter of ownership of our recent acquisitions, Camelot UK and Allwyn LS Group (formerly Camelot LS Group).