Q1 2025 Greek Organisation of Football Prognostics SA Earnings Call Transcript
Key Points
- Greek Organisation of Football Prognostics SA (GOFPY) reported solid organic growth in Q1 2025, driven by strong performance in online and retail segments.
- The company experienced significant growth in sports betting and iGaming, with Tzoker benefiting from favorable jackpot rollovers.
- GOFPY is gaining market share in the online segment, particularly in casino and sports betting, with a reported growth of over 20% in Q1.
- The lottery segment recorded a promising 5.5% year-over-year increase in gross gaming revenue (GGR), with stable performance in flagship games like KINO.
- The company maintains a strong dividend policy, aiming to distribute the bulk of net profits with a minimum of EUR1 dividend per share, indicating confidence in future financial performance.
- There is uncertainty regarding the renewal of the Hellenic State license, with the tender process yet to be officially started by the growth fund.
- The impact of the Italian Lotto concession on GOFPY's core concession license renewal remains unclear, with no direct influence expected at this stage.
- The company faces a tough comparison in the second half of the year, which could impact financial performance.
- GOFPY's buyback scheme, although approved, is not planned to be initiated on a large scale in the near future, limiting potential shareholder returns.
- The company has not yet started discussions on extending exclusive game licenses beyond 2030, creating uncertainty about long-term strategic planning.
Ladies and gentlemen, thank you for holding. The conference will begin shortly.
Ladies and gentlemen, thank you for standing by. I am Kelly, your chorus call operator. Welcome and thank you for joining the OPAP SA conference call on my webcast question and answer session to discuss the first quarter 2025 financial results.
Please note a video presentation has been distributed and is also available on the OPAP Investor Relations website. (Operator Instructions). At this time, I would like to turn the conference over to Mr. Jan Karas, Chairman and CEO of OPAP SA. Mr. Karas, you may now proceed.
Thank you very much, Kelly. Good evening or good morning and welcome to our regular Q1, 2025 results conference call. Hopefully you had a chance to enjoy the results of your presentation we shared with you later today. As you have seen, 2025 has started well with the results. Solid organic growth driven by continued momentum in
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
