Allwyn, the firm set to assume control of the UK National Lottery, has announced strong financial figures for the third quarter of 2022. Their overall gaming income hit €958.6 million (roughly $994.3 million), a significant 11% jump from the corresponding period the previous year.
This expansion was driven by robust results across their range of offerings, especially in the Czech Republic where their digital sales have surged. Online platforms now constitute a substantial 46% of their total revenue in the nation.
The corporation’s adjusted EBITDA also witnessed a healthy 10% rise, reaching €319.9 million. Nevertheless, their adjusted EBITDA margin experienced a minor decline to 54%, in contrast to the same period the year before.
These favorable outcomes arrive at a crucial juncture for Allwyn as they prepare to take charge of the UK National Lottery in February 2024.
Robert Chvatal, Allwyn’s Chief Executive Officer, conveyed his contentment with the company’s achievements, emphasizing their natural expansion and the strength of their business framework. He maintains a positive outlook on their future possibilities, particularly within the UK market.
We dedicated ourselves to maintaining substantial earnings and robust financial liquidity. This highlights the potency of our expense framework and our emphasis on productivity. Incorporating the UK as our sixth lottery territory is monumental, particularly given the positive benchmarks we attained there during the latter part of the third and early stages of the fourth quarters.