Operator News
Poland – STS Gaming sees 16.3 per cent increase in revenues in 2022
By Phil - 27 March 2023
Polish sportsbetting company STS Gaming Group saw a 29 per cent increase in profit in 2022 with revenue up 16.3 per cent to €123.5m, due to the ‘extremely high attractiveness’ of the Polish market.
EBITDA surged 26 per cent with the total amount bet increasing by 4.2 per cent. Active users increased by 13 per cent from 693,000 to 783,000 with 439,000 new customers. The company said: “All operational data is at historical highs.”
Mateusz Juroszek, STS Holding CEO, said: “A very good year is behind us – we generated the highest operating results in the group’s history, which translated into extremely satisfactory financial results. We will soon make a decision regarding the payment of dividends. In accordance with the applicable policy, we will pay 100 per cent of the profit of STS Holding SA to the shareholders. Due to the structure of the group, we will make two payments, as was the case last year.”
“The plan for the current year is to focus on a number of efficiencies,” he added. “We will focus on Poland to increase profitability and fully exploit the potential of the dynamic market. We will also implement savings and improve our product. We assume that turnover, NGR as well as EBITDA will be higher this year than last.”
Fourth quarter revenue was up 43 per cent year-on-year giving a 290 per cent year-on-year increase in net profit, at PLN58m.
