The following is a summary of the Organization of Football Prognostics S.A. (GOFPY) Q4 2023 Earnings Call Transcript:
Financial Performance:
Organization of Football Prognostics S.A. (OPAP) announced a record-high quarterly GGR and achieved a full-year GGR record, surpassing the €2 billion threshold.
Full-year recurring EBITDA was €745 million, exceeding the latest outlook.
OPAP announced a general shareholders' remuneration of €0.85 on top of the €1 already distributed as interim dividend.
The company plans to distribute 100% of its net profits with a minimum of €1 dividend per share.
OPAP continues its share buyback policy, started in September, using any surplus cash after paying maximum dividends.
Business Progress:
OPAP implemented a range of enhancements and improvements to customer propositions, leveraging new technologies to upgrade the customer experience both online and offline.
Opaponline.gr platform saw a 40% YoY growth, with more enhancements planned.
The company is expecting strong double-digit growth in Opaponline.gr due to the addition of various features and expects a single-digit growth in retail.
The company has launched EuroJackpot drawing in new players, and the results are meeting their expectations.
More details: OPAP S.A. UNSP ADR EACH REP 0.5 ORD EUR0.30 IR
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