Greek Organisation of Football Prognostics SA (ATH:OPAP)
€ 19.17 +0.37 (+1.97%) Market Cap: 6.87 Bil Enterprise Value: 6.93 Bil PE Ratio: 13.96 PB Ratio: 9.78 GF Score: 97/100
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Q4 2024 Greek Organisation of Football Prognostics SA Earnings Call Transcript

Mar 20, 2025 / 02:00PM GMT
Release Date Price: €17.6 (+2.68%)

Key Points

Positve
  • Greek Organisation of Football Prognostics SA (GOFPY) recorded exceptional performance in Q4 2024, driven by the Giga Jackpot in Joker and strong sports betting results.
  • The online segment contributed a robust 32% of the group's revenues, setting a new record and highlighting the company's digital strategy focus.
  • Sports betting performance was notably boosted by the EURO '24 tournament and favorable payout results.
  • The company attracted a significant number of new players to both online and retail sports betting, contributing to overall success.
  • GOFPY completed a medium-sized buyback program of EUR150 million, complementing its commitment to paying maximum possible dividends.
Negative
  • The company anticipates low single-digit growth for 2025 due to tough comparisons from exceptional 2024 performance.
  • There is uncertainty about the sustainability of sports betting growth and margins, with potential saturation in customer engagement.
  • Cost pressures are present due to salary adjustments needed to retain and attract talent in a competitive market, particularly in technology and digital marketing.
  • Marketing and sponsorship costs are increasing significantly due to high demand and competition in the market.
  • The company faces challenges in renewing and securing licenses, with ongoing discussions influenced by recent government reshuffling.
Operator

Ladies and gentlemen, thank you for standing by. I am Gailey, your Chorus Call operator. Welcome, and thank you for joining the OPAP SA conference call and live webcast question-and-answer session to discuss the fourth quarter 2024 financial results.

Please note the video presentation has been distributed and is also available on the OPAP Investor Relations website. (Operator Instructions). The conference is being recorded.

At this time, I would like to turn the conference over to Mr. Jan Karas, Chairman and CEO of OPAP S.A. Mr. Karas, you may now proceed.

Jan Karas
Greek Organisation of Football Prognostics SA - Chief Executive Officer, Executive Director, Member of the Executive Board

Thank you very, very much. Good evening or good morning to everyone, and welcome to our Q4 2024 results conference call. In the last quarter, we have recorded exceptional performance driven mainly by the Giga Jackpot in Joker, the strong performance in sports betting and the growing popularity of our iGaming proposition.

Actually, overall, our

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