Allwyn details ‘exciting UK developments’ in Q3 ahead of National Lottery operation

Allwyn details ‘exciting UK developments’ in Q3 ahead of National Lottery operation

Article brief provided by SBC News
  • Ted Orme-Claye, SBC News
November 29, 2022 5:28 PM
  • Ted Orme-Claye, SBC News

Following a group-wide consolidation of its pan-European operations, Allwyn International has reported positive trading during Q3, particularly in the UK.

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Publishing its quarterly trading update for July-September, the company outlined Q3 revenue growth of 11% to €958.6m (2021: €867.4m) and adjusted EBITDA of €319.9m (€290.4m), a growth rate of 10%, although the margin was down from 55% to 54%..

Meanwhile, year-to-date revenue stood at €2.7m, rising by 28% on year prior income of €2.1bn, whilst EBITDA was recorded at €875.7m, up 30% on 2021’s €674.1m but again the margin declined from 54% to 52%, albeit only slightly.

“This quarter has seen Allwyn deliver yet another set of strong financial results,” said Robert Chvatal, Allwyn CEO. “We have also continued to deliver on our inorganic growth strategies, with some exciting developments in the UK in particular.”