STS had PLN 131.34 million of net profit, PLN 216 million of adjusted EBITDA in 2021

STS recorded PLN 131.34 million of consolidated net profit attributable to shareholders of the parent company in 2021 compared to PLN 102.2 million of profit a year earlier, the company said in the report.

The operating profit amounted to PLN 179.48 million versus PLN 134.58 million profit a year earlier. Adjusted EBITDA was PLN 216 million compared to PLN 151 million a year earlier.

Consolidated revenues from betting reached PLN 497.39 million in 2021 compared to PLN 388.81 million a year earlier.

“Last year was extremely intense for us. We achieved not only the best financial results in the history of our entire group, but also introduced STS Holding to the main market of the Warsaw Stock Exchange, we also systematized our activities, simplifying the structure of the capital group. We have proved that thanks to numerous competitive advantages and a unique business model, we achieve extremely attractive financial and operational results. In line with our declarations, we will share the generated profit with the shareholders of STS Holding, ”said President Mateusz Juroszek, quoted in the announcement.

“The beginning of 2022 brought decisive changes in the macroeconomic and geopolitical environment. Despite unfavorable circumstances - rising interest rates, the armed conflict in Ukraine and the tax chaos - we achieved very good operational indicators. What's more, thanks to the positive atmosphere around Polish sport, thanks to, inter alia, the promotion of our team to the World Cup in Qatar, and the favorable calendar of sports events, we hope for even better results in H2 2022 and particularly good results at the end of the year. We expect the group's NGR to increase by 15-20% this year, and the EBITDA margin will be over 40%, ”added the president.

Established in 1997, the STS Group is the largest bookmaker in Poland, which also operates on an international scale. The bookmaker is licensed in Great Britain and Estonia, from which it offers services on several markets. The group's portfolio of services includes sports betting, virtual sports, an online casino (excluding Poland), BetGames and a wide range of betting on the results of esports events. The company made its debut on the WSE in December 2021.

Source