Allwyn posts 24% jump in NGR to €551m in Q2 2022
Czech firm records boost across EBITDA, profit, NGR and GGR as firm says it's riding the wave of the ongoing economic crisis
Allwyn has recorded a 24% rise in net gaming revenue (NGR) year-on-year (YoY) for Q2 2022 as the lottery giant continues to recover from the impact of Covid-19.
The Czech firm posted NGR of €550.9m (£476.9m) for the second quarter of 2022, compared to the €444.9m recorded in Q2 2022.
The increase in revenue comes despite the macroeconomic factors affecting the European market, including inflation, the cost-of-living crisis and the war in Ukraine.
Allwyn also said that this was the first time since the pandemic began that its businesses had not been affected by Covid-19 restrictions.
Elsewhere, gross gaming revenue (GGR) rose by 23% YoY from €735.9m to €901.7m in Q2 2022.
Breaking down GGR by geographical region, the Greece and Cyprus segment saw a 13% YoY rise to €442.2m from the €391.6m posted in Q2 2021.
Austria was the second biggest region for Allwyn, recording €348.1m in GGR, a 43% YoY increase.
The Czech Republic returned a 10% YoY increase in GGR, reaching €111.4m, while the Italian arm was the only region to see a fall in GGR, dropping by from €112.6m in Q2 2021 to €112.7m.
In terms of the adjusted EBITDA, Allwyn recorded a 20% YoY increase from €239.3m to €286.2m, with the margin staying constant, dipping slightly from 53% to 52%.
In terms of post-tax profit, Allwyn posted a 15% fall YoY from €140.1m to €119.1m.
Allwyn’s board of directors and supervisory board, including the group’s CEO, took home a remuneration package of €2.2m during H1 2022.
Elsewhere, Allwyn’s senior management shared a €1.7m remuneration package, split across the CFO, CIO, CTO, COO, chief marketing officer and chief global brand and CSR officer.
On the subject of the ongoing UK National Lottery saga, Camelot has withdrawn its challenge against the UK Gambling Commission naming Allwyn as its preferred applicant for the fourth National Lottery licence.
Upon the announcement, a spokesperson for Allwyn said: “Allwyn very much welcomes this decision and looks forward to cooperating with Camelot and the Gambling Commission on the transition process. Allwyn is excited at the prospect of becoming the custodian of Europe’s biggest lottery.”
Allwyn is also in the process of being listed on the New York Stock Exchange via a SPAC merger with Cohn Robbins Holdings Corp, which has been pushed back to Q3 2022.