Allwyn publishes first Q1 results since Camelot UK acquisition

[Hannman]

Czech Republic.- Allwyn International has reported its unaudited Q1 results, recording revenue of €1.64bn. That’s a rise of 80 per cent year-on-year and follows the incorporation of incumbent UK National Lottery operator Camelot UK as well as US-based Camelot Lottery Solutions. Excluding the two Camelot acquisitions from the Ontario Teachers’ Pension Fund, Allwyn’s revenue growth would have been 17 per cent to €1.06bn. It attributed the growth to improved digital channels and a focus on the customer proposition in retail.
Including Camelot, pro-rata group adjusted EBITDA was up by 62 per cent at €280m. Pro-forma adjusted EBITDA excluding Camelot costs stands at €325m, up 20 per cent.
Allwyn CEO Robert Chvatal said: “I am pleased to report that Allwyn had a strong start to the year, reflecting our ongoing focus on driving organic growth as well as continued progress in our inorganic growth strategy, with the results of the first quarter including the contribution from a total of seven lottery markets. Meanwhile, we have remained focused on our responsibilities to all our stakeholders and on safer gaming.”

 

[CR7]

Allwyn International has reported an 80% increase in revenue year-on-year for Q1, recording €1.64bn. The spike can be attributed to the incorporation of current UK National Lottery operator, Camelot UK, and US-based Camelot Lottery Solutions. However, if the two acquisitions were excluded, the company's revenue growth would have been 17% to €1.06bn. Allwyn credited the growth to improved digital channels and better customer propositions in retail. Pro-rata group adjusted EBITDA increased by 62% to €280m, with pro-forma adjusted EBITDA excluding Camelot costs totalling €325m, up 20%.

 

[grandsun]

That is a meteoric increase in revenue. Quite impressive.
This development could indicate that the economy of the Czech Republic is performing well. It could also be the case that illicit money is increasingly entering into the country and or into the specific lottery company.