Sazka GGR up, profits down

The pan-European lottery operator, Sazka Group, in its third quarter report, reveals GGR up 66 per cent to €769m.

It also announced that post-tax profit was down 33 per cent to €48m, impacted by the €54m restructuring provision at Casinos Austria. 

For the nine months GGR was up four per cent to €1.4bn, but excluding Casinos Austria it decreased by 18 per cent due to the impact of Covid-19. Post-tax profit for the nine months fell 58 per cent to €90m.

CEO Robert Chvatal said: “All of our businesses traded well in Q3 as lockdown measures were eased and online sales remained high. The swift return to normalised trading in the markets and channels that were more affected by restrictions in the first-half demonstrates the resilient underlying demand for our products as well as the agility of our teams across the regions.”

He said that online sales had enjoyed strong momentum and the group was making progress in the restructuring of the Austrian casinos aiming to deliver around€45m of annual cost savings.