William Malcolm

Sazka Group Profit Jumps 44% In First Quarter

The net profit of the Sazka Group from the KKCG group of entrepreneur Karel Komárek increased by 44 percent year-on-year in the first quarter to 35 million euros (887 million crowns). Gross revenues from accepted bets increased by 30 percent to 526 million euros (13.3 billion crowns). The company announced this on its website today.

“The first three months of this year have once again shown that we have achieved high-performance thanks to our diverse range of products, sales channels, and geographical exposure or fast-growing online business. I am particularly pleased with the performance of our companies in the Czech Republic, Italy, and Austrian lotteries. “said Robert Chvátal, CEO of the company.

Sazka Group fully owns the Czech company Sazka and has stakes in other European betting companies. Last June, it became the majority owner of the Austrian lottery company Casinos Austria, when it increased its stake to 55.48 percent. Sazka Group also owns about 40 percent of Greece’s largest betting company OPAP and 32.5 percent in Italy’s LottoItalia.

Sazka’s net profit fell by 24 percent to CZK 1.24 billion last year, revenues rose by 13.6 percent

Last year, the net profit of the lottery company Sazka fell by 23.5 percent year on year to 1.24 billion crowns. Revenues increased by 13.6 percent to 8.85 billion crowns. The company stated this in its annual report in the Collection of Documents.

Lotteries and betting accounted for almost 95 percent. The rest belonged to revenues from the activities of the virtual mobile network operator or the mobile phone charging service.

Sazka is the oldest lottery company in the Czech Republic with a share of more than 90 percent in the market of lotteries and similar games. The company’s main lottery products are number lotteries with the most famous game Sportka. Sazka is a member of the multinational investment group KKCG billionaire Karel Komárek, which operates in 11 countries. At the end of last year, the company had 447 employees, up 38 more year-on-year.