Operator News
Poland – STS sees seven per cent increase in revenues with record profit
By Phil - 19 May 2023
STS Group, one of the largest bookmakers in Central Europe and the market leader in Poland, from January to March of this year generated revenue of PLN 153m, which means an increase of seven per cent year on year.
In Q1 2023, the Group’s net profit increased by 20 per cent year on year, reaching the level of PLN 54m. The net profit of the Group’s main operating company – STS S.A. – amounted to PLN 70m, which means an increase by 18 per cent year on year.
Adjusted EBITDA for the STS Group in the first quarter of this year amounted to PLN 80m, i.e. 12 per cent more than in the corresponding period of the previous year. Moreover, the adjusted EBITDA for the STS Group in Q1 2023, excluding operations under British and Estonian licenses, amounted to over PLN 82m.
Mateusz Juroszek, CEO of STS Holding, said: “In Q1 2023, we achieved very good operating and financial results. Key operational indicators improved compared to Q1 2022, which was then a record period in the company’s history. Despite the high base from Q1 2022, we generated even better results and in terms of net profit, the last quarter was record-breaking in the history of STS S.A. We constantly record unflagging interest and high activity of our players. We expect this trend to continue until the end of the spring round of football leagues. In addition, in the autumn, after the return of domestic and international football competitions, the activity of players and their number should positively translate into the Group’s results.”
The value of amounts staked in Q1 2023 in STS S.A. (excluding operations in the UK and Estonia) – the main operating company in the STS Group – was PLN 1.193bn and was higher by 16 per cent year on year, compared to the amount of PLN 1.026bn in Q1 2022. From January to March of this year, NGR for STS (excluding operations in the UK and Estonia) increased by 12 per cent year on year, from PLN 156m to PLN 175m. In the first few months of this year, STS generated GGR of PLN 305m (excluding operations in the UK and Estonia), compared to PLN 279m a year before. This represents a year on year increase by nine per cent.
The STS Group ended operations on foreign markets (licenses in the UK and Estonia), closing the possibility of registering accounts. The purpose of the reorganisation is to exploit, to the fullest extent possible, the potential of the Polish market, which remains the most important area of the STS Group’s operations. The operating results indicate the extremely high attractiveness of the Polish market. The Group intends to concentrate its activities in order to be able to use the development potential in Poland.
