Codere reports 5.9 per cent drop

Codere, a leading multinational company in the private gaming sector, has announced its results for the fourth quarter and the end of 2019.

Throughout the year the group obtained operating income of €1.38m, compared to €1.47m the previous year, representing a 5.9 per cent drop, mainly due to the depreciation of the Argentine peso against the euro (63.5 per cent), despite the strong growth of 31.2 per cent in local currency, and partially offset by the growth of the online business.