OPAP Holding Société Anonyme (GOFPY) Q3 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. I'm Konstantinos, your course call operator. Welcome and thank you for joining the OPAP SA conference call and live webcast to discuss the third quarter 2023 financial results. Please note a video presentation has been distributed and is also available on the OPAP investor relations website. All participants will be listening on remote and the conference is being recorded. At this time, I would like to turn the conference over to Mr. Jan Karas, CEO of OPAP SA. Mr. Karas, you may now proceed. Thank you very much, Konstantine. Good evening or good morning to everyone and welcome in our regular Q3 2023 results conference call. This quarter demonstrated the resilience of our business model despite moderately lower performance mainly due to customers friendly results in sports betting evident across industry and jokers unfavorable jackpot rollovers. Overall though in the first nine months we delivered solid growth in retail and strong online performance indicating that the online business is well on track to evolving as a key growth driver in the coming years. We are also happy for the recent interim distribution of €1 per share, contributing to a total of €2.15, which ranks among the highest ever remunerations to our shareholders. Ahead of macroeconomic and industry-wide challenges, we set our recurring EBITDA target for 2023 to range between €720 and €740 million. video we shared with you earlier today, so we will jump directly to our Q&A session. Konstantin, over to you. Ladies and gentlemen, at this time we will begin the question and answer session. Anyone who wishes to ask a question may press star followed by 1 on their telephone. If you wish to remove yourself from the question queue, then you may press star and 2. ...