SISAL: SUSTAINED GROWTH IN THE FIRST QUARTER 2022
REVENUES OF €205.8 MILLION, +62% COMPARED TO 2021
EBITDA OF €76.5 MILLION (+49%)
NET PROFIT OF €20.3 MILLION (+176%)
THE COMPANY’S COMMITMENT TO INTERNATIONALISATION AND DIGITAL INNOVATION CONTINUED
The Board of Directors of Sisal S.p.A. (“Sisal” or the “Company”) has approved the economic and financial data relating to the first quarter of 2022.
The Company’s operating performance at 31 March 2022.
The Company closed the first three months of 2022 with total consolidated revenues of €205.8 million, an increase of 62% compared to €127 million reported at 31 March 2021.
The positive revenue performance was the direct result of the overall growth recorded by the Company in the Retail and Online segments: the results at 31 March 2022 reflect a strong growth in the Retail segment, which, thanks to the reopening of all stores after the Covid-19 restrictions imposed in the first quarter of last year, witnessed revenues rising from €33.1 million in the first three months of 2021 to €114.5 million in the corresponding period of 2022.
The Online segment recorded revenues of €66.1 million in the first quarter of 2022, down by only 6%, as an obvious consequence of the reopening of the retail channel.
The Company’s internationalisation process proceeded successfully in the first quarter of 2022: despite the negative impact of the Turkish Lira exchange rate, the revenues of the international segment grew to €25.1 million, +6% compared to €23.8 million in the first three months of the previous year.
In the first quarter of 2022, the Company reported consolidated EBITDA of €76.5 million, i.e. an increase of 49% compared to €51.5 million at 31 March 2021, with an EBITDA Margin of 37%.
Adjusted consolidated EBIT almost doubled (+97%) in the first three months of 2022, reaching €50.5 million, compared to €25.7 million in the first quarter of 2021. Consolidated net profit for the period amounted to €20.3 million, i.e. a strong growth (+176%) compared to €7.3 million in the corresponding period of 2021.
The Net Financial Position (NFP) at 31 March 2021 was equal to €104.8 million, an improvement compared to €148.2 million at 31 December 2021.
“I am once again pleased to announce results that show our commitment and the effectiveness of our growth strategy” commented Francesco Durante, CEO of Sisal. “We are opening the new financial year in the same way as we concluded the previous one, reporting the solid recovery of our extensive retail network and the continued development of our online range of products, which reflect the company’s significant investments for the purpose of innovating and increasing the fun and safety of Sisal’s sustainable gaming experience”.
Sisal is one of the main international operators in the regulated gaming sector and currently has operations in Italy, Morocco, Spain and Turkey, with a product range that includes lotteries, betting, online games and amusement machines. The Company operates internationally in the retail channel through a network of over 47,000 stores, and on the online channel with 1.8 million consumers.
Sisal’s strategy rests on three pillars: sustainability, with a constant commitment to developing its Responsible Gaming programme by providing a safe and transparent entertainment model - digital innovation, thanks to its state-of-the-art gaming platform oriented towards omnichannel and to its expertise in in-house software and application development to seize the opportunities of the digital transition - internationalisation, with the aim of winning tenders for new concessions abroad based on the solid experience gained.
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