OPAP announces strong nine-month results

25 November 2015
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OPAP SA is taking all necessary measures to protect its rights and justified interests, while all relative actions will be announced soon, the company said on Tuesday. In an announcement, accompanying the release of its nine-month results, OPAP said that it would oppose a government decision to impose a 0.05 euros extra fee on OPAP’s games, valid from November 20.

OPAP said its revenue grew 2.7 pct in the January-September period to 3.061 billion euros, while third quarter revenue fell 15.7 pct to 900.8 million euros. EBITDA grew 14.4 pct to 273.5 million euros compared with the same period last year, while third quarter EBITDA fell 7.6 pct to 87.1 million. Net profits fell 8.5 pct to 49.1 million euros in the third quarter, but grew to 159.1 million in the January-September period from 119 million euros in the same period last year. OPAP said its cash position remained strong at 226.4 million euros.

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