Sparks commentary - OPAP

Consumer

Sparks - OPAP

More on this equity
OPAP (ASE: OPAP) – Good growth in H125 and on track to deliver FY25 guidance
Published by Russell Pointon

OPAP has reported H125 revenue and EBITDA growth of over 6%, giving a margin of 34.6%. Revenue growth in Q225 was slightly lower at c 5% versus c 8% in Q125, although Q225 had a much tougher comparative from Q224 (7%) than Q125 did from Q124 (c 4%).

There was good growth from most of the businesses in Q225. However, total sports revenue declined by c 2% in Q225 as it faced a tough comparative due to the UEFA Euro Football Championship. Particularly notable was strong revenue growth in Q225 from Video Lottery Terminals (7%) and Instant & Passives, which grew for the first time since H123.

Management has indicated that OPAP is on track to deliver FY25 guidance, with low-single-digit revenue growth and a margin of c 35%.

Latest

Real Estate | Comment

Dar Global (LSE: DAR) revenue surges on Saudi expansion

Financials | Comment

Saga (LSE: SAGA) delivers strong travel performance

TMT | Comment

Pinewood (LSE: PINE) outlines ambitious FY28 targets

Industrials | Comment

Henry Boot (LSE: BOOT) profits surge on strong land sales

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free