News Release
FY 2023 FINANCIAL PERFORMANCE
Broad-based growth leads to new €2bn GGR high
ATHENS, Greece - March 13, 2024 - OPAP S.A. (OPAr.AT, OPAP:GA), the leading gaming operator in Greece,
announces its consolidated financial results for the period ended December 31st, 2023, prepared in accordance with International Financial Reporting Standards (IFRS).
- FY'23 Gross Gaming Revenue (GGR) reached record high levels of €2,087.7m vs €1,939.0m in FY'22, higher by 7.7% y-o-y on the back of solid online performance and retail growth. Q4 2023 GGR came in at €581.2m, an increase of 7.5% y-o-y, reflecting the normalization of sportsbook payout after Q3 & positive early signs from the revamp of our draw-based games.
- Gross Profit (from gaming operations) in FY'23 increased by 6.7% y-o-y to €852.3m (FY'22: €798.8m), following top-line growth and representing a strong 41% margin. Q4'23 was higher by 5.5% y-o-y at €236.2m (Q4'22: €223.9m).
- Operating Expenses in FY'23 were €413.6m vs €365.1m in FY'22, higher by 13.3% y-o-y to support greater revenues. Q4'23 Opex reached €114.6m, higher by 0.6% y-o-y driven mainly by higher payroll expenses. On a comparable basis, excluding one-off items, FY'23 Opex increased by 8.0% y-o-y, while increasing by 1.1% y-o-y in Q4'23.
- FY'23 EBITDA was broadly stable (-0.8%y-o-y) at €730.0m (FY'22: €736.0m) or at €744.9m (-0.2%y-o-
y) on a recurring basis, exceeding our latest outlook. Q4'23 EBITDA came in at €210.2m (Q4'22: €202.7m) up by 3.7% y-o-y or at €197.6m l-f-l(-3.1%y-o-y). - Net Profit in FY'23 stood at €408.3m (FY'22: €592.3m), down by 31.1% y-o-y. Q4'23 Net Profit stood at
€100.6m (Q4'22: €306.5m), lower by 67.2% y-o-y mainly due a one-off profit in 2022. On a l-f-l basis and after excluding one-off items in both years, Net Profit in FY'23 landed at €439.3m, up by 0.7% y-o-y, and was €109.7m in Q4'23. - Robust financial position, with Net Debt / EBITDA at 0.23x (0.27x incl. leases).
- Total Shareholders Remuneration for FY'23 at €1.85 per share:
- €1.00 interim dividend, already paid on November 9th, 2023
- €0.60 Remaining DPS, to be paid / Ex-div. date April 29th / Payment date May 9th o €0.25 Capital Return, to be paid / Ex-rights date June 25th / Payment date July 1st
- FY'24 outlook: GGR €2,150m - 2,200m & EBITDA €750m - 770m
1. OVERVIEW
(€ 'm) | Q4 2023 | Q4 2022 | Δ% | FY 2023 | FY 2022 | Δ% | |||||||||||||||
GGR (Gross Gaming | 581.2 | 540.9 | 7.5% | 2,087.7 | 1,939.0 | 7.7% | |||||||||||||||
Revenue) | |||||||||||||||||||||
NGR (Net Gaming | 399.2 | 376.7 | 6.0% | 1,435.8 | 1,333.4 | 7.7% | |||||||||||||||
Revenue)1 | |||||||||||||||||||||
Gross Profit (from gaming | 236.2 | 223.9 | 5.5% | 852.3 | 798.8 | 6.7% | |||||||||||||||
operations) 2 | |||||||||||||||||||||
Operating Expenses | 114.6 | 113.9 | 0.6% | 413.6 | 365.1 | 13.3% | |||||||||||||||
Recurring Operating | 113.8 | 112.6 | 1.1% | 385.3 | 356.8 | 8.0% | |||||||||||||||
expenses | |||||||||||||||||||||
EBITDA | 210.2 | 202.7 | 3.7% | 730.0 | 736.0 | -0.8% | |||||||||||||||
EBITDA margin | 36.2% | 37.5% | - | 35.0% | 38.0% | - | |||||||||||||||
Recurring EBITDA | 197.6 | 204.0 | -3.1% | 744.9 | 746.2 | -0.2% | |||||||||||||||
Net profit | 100.6 | 306.5 | -67.2% | 408.3 | 592.3 | -31.1% | |||||||||||||||
Net profit margin | 17.3% | 56.7% | - | 19.6% | 30.5% | - | |||||||||||||||
Recurring Net profit | 109.7 | 127.5 | -13.9% | 439.3 | 436.0 | 0.7% | |||||||||||||||
EPS (in €) | 0.2729 | 0.8610 | -68.3% | 1.1196 | 1.6711 | -33.0% | |||||||||||||||
1 GGR-GGR contribution | |||||||||||||||||||||
2 NGR-Agents'commission-other Direct costs | |||||||||||||||||||||
OPAP S.A. Consolidated Financial Statements | |||||||||||||||||||||
for the Fiscal Year ended December 31st, 2023 | 1 |
[Public]
News Release
FY 2023 FINANCIAL PERFORMANCE
Revenues OPAP's revenues (GGR) in FY
(GGR) 2023 increased by 7.7% y-o-y, reaching €2,087.7m (FY 2022: €1,939.0m) primarily driven by strong online growth alongside a solid retail performance.
Q4 2023 GGR landed at the highest ever level of €581.2m, up by 7.5% y-o-y (Q4 2022: €540.9m) on the back of increased playability in retail and a robust online contribution.
Gross Profit Gross Profit from gaming
(from operations in FY 2023 stood at
gaming €852.3m compared with €798.8m operations)1 in FY 2022, higher by 6.7% y-o-y as a result of top line growth. Q4 2023 Gross Profit increased by 5.5% y-o-y reaching €236.2m vs
€223.9m in Q4 2022.
EBITDA | EBITDA in | FY 2023 stood | at | Reported figures | |
€730.0m versus €736.0m in FY | |||||
2022, lower by 0.8% y-o-y or - | |||||
0.2% l-f-l. Q4 2023 EBITDA | |||||
reached €210.2m on the back of | |||||
higher top line performance and | |||||
one-off other operating income of | |||||
€13.4m | relating | to | the | ||
derecognition of the | Markopoulo | ||||
Park lease liability, up by 3.7% y- | |||||
o-y(-3.1l-f-l). |
Recurring figures
*Excl. one-off expenses of €14.9m in FY'23 and expenses of €10.2m in FY'22 (income of €12.6m in Q4'23 and expenses of €1.3m in Q4'22)
1 GGR - GGR contribution - Agents' commission - Other Direct costs
OPAP S.A. Consolidated Financial Statements | |
for the Fiscal Year ended December 31st, 2023 | 2 |
[Public]
News Release | |
FY 2023 FINANCIAL PERFORMANCE | |
Net Profit Net Profit in FY 2023 stood at | Reported figures |
€408.3m versus €592.3m in FY | |
2022, lower by 31.1% y-o-y or | |
+0.7% on a l-f-l basis. | |
Q4 2023 Net Profit came in at | |
€100.6m, lower by 67.2% y-o-y, | |
mainly due to a one-off profit in | |
Q4'22, which included a €181.3m | |
profit from the disposal of Betano. | |
On a l-f-l basis, Net Profit | |
decreased by 13.9% y-o-y on the | |
back of higher deferred taxes in | |
Q4'23. | |
Recurring figures |
*Excl. one-off expenses of €30.9m in FY'23 and income of €156.3m in FY'22 (expenses of €9.1m in Q4'23 and income of €179.1m in Q4'22)
Comment of OPAP's CEO, Mr. Jan Karas, on the Q4 2023 results:
"OPAP concluded 2023 with the strongest Q4 ever and achieved record revenues. This development clearly reflects the consistent and effective implementation of our business strategy throughout the year, as well as our ability to pursue and achieve ambitious goals.
In Q4'23, both our retail and online business posted solid growth, driven by our continuous focus on digitalization. As a result of last quarter's positive financial and operating performance, recurring EBITDA outperformed our latest outlook.
In line with our steadfast commitment to generating value for OPAP's shareholders, we are pleased to be proposing a generous total shareholder remuneration of €1.85 per share for FY'23, including the already paid interim dividend of €1.00 per share.
As regards our business initiatives, we are excited by the recent launch of Eurojackpot in Greece, which is a milestone for OPAP and follows the successful repositioning of Lotto and Tzoker. The overall revamp of our draw-based portfolio highlights our commitment to responding to customers' needs and expectations, through product innovations.
Looking ahead, in line with our Fast Forward business strategy, we remain committed to further upgrading our proposition, securing sound growth and profitability, rewarding our shareholders and delivering on our sustainability and social responsibility objectives."
OPAP S.A. Consolidated Financial Statements | |
for the Fiscal Year ended December 31st, 2023 | 3 |
[Public]
News Release
FY 2023 FINANCIAL PERFORMANCE
2. FINANCIAL REVIEW
Revenues (GGR) per game | ||||||
(€ '000) | Q4 2023 | Q4 2022 | Δ% | FY 2023 | FY 2022 | Δ% |
Lottery | 197,591 | 193,920 | 1.9 | 730,001 | 709,458 | 2.9 |
% total revenues | 34.0 | 35.9 | - | 35.0 | 36.6 | - |
Betting | 180,866 | 160,966 | 12.4 | 645,505 | 603,749 | 6.9 |
% total revenues | 31.1 | 29.8 | - | 30.9 | 31.1 | - |
VLTs | 96,203 | 93,428 | 3.0 | 344,522 | 318,365 | 8.2 |
% total revenues | 16.6 | 17.3 | - | 16.5 | 16.4 | - |
Instant & Passives | 30,201 | 31,872 | -5.2 | 115,877 | 107,902 | 7.4 |
% total revenues | 5.2 | 5.9 | - | 5.6 | 5.6 | - |
Online Casino | 76,303 | 60,682 | 25.7 | 251,805 | 199,510 | 26.2 |
% total revenues | 13.1 | 11.2 | - | 12.1 | 10.3 | - |
TOTAL REVENUES | 581,164 | 540,867 | 7.5 | 2,087,710 | 1,938,985 | 7.7 |
Lottery Revenues from lottery reached €730.0m in FY 2023 versus €709.5m in FY 2022, higher by 2.9% y-o-y on the back of a solid ΚΙΝΟ performance. Lottery GGR in Q4 2023 increased by 1.9% y-o-y to €197.6m, mainly attributable to a strong Tzoker performance and the impressive Lotto growth following its transformation into an annuity game in Oct'23.
Betting Total betting revenues reached €645.5m in FY 2023 versus €603.7m in FY 2022, higher by 6.9% y-o-y on the back of a strong performance by Powerspin and Virtuals coupled with a solid online contribution. Betting GGR in Q4 2023 landed at €180.9m (Q4 2022: €161.0m), higher by 12.4% y-o-y, reflecting increased playability in Pame Stoixima in retail and a normalization of the payout to winners following a soft Q3.
OPAP S.A. Consolidated Financial Statements | |
for the Fiscal Year ended December 31st, 2023 | 4 |
[Public]
News Release
FY 2023 FINANCIAL PERFORMANCE
VLTs VLTs revenues in FY 2023 increased to €344.5m, higher by 8.2% y-o-y (FY 2022: €318.4m). In Q4 2023 VLTs revenues reached a record €96.2m, higher by 3.0% y-o-y due to the ongoing machines optimization.
Instant & Revenues from Instant & Passives stood
Passives at €115.9m in FY 2023 compared with €107.9m in FY 2022, higher by 7.4% y- o-y. Q4 2023 GGR stood at €30.2m, lower by 5.2% y-o-y.
Online Revenues from Online Casino grew
Casino significantly to €251.8m in FY 2023, up by 26.2% y-o-y (FY 2022: €199.5m). Q4 2023 revenues landed at €76.3m compared with €60.7m in Q4 2022, up by 25.7% y-o-y on the back of elevated engagement levels.
Gaming revenue related expense
(€ '000) | Q4 2023 | Q4 2022 | Δ% | FY 2023 | FY 2022 | Δ% | |||||||||||||||
Agents' commission | 113,998 | 107,756 | 5.8 | 407,337 | 382,993 | 6.4 | |||||||||||||||
Other Direct costs | 48,950 | 45,004 | 8.8 | 176,090 | 151,605 | 16.2 | |||||||||||||||
Total | 162,948 | 152,760 | 6.7 | 583,427 | 534,598 | 9.1 | |||||||||||||||
% of total revenues (GGR) | 28.0 | 28.2 | 27.9 | 27.6 | |||||||||||||||||
Gaming Gaming revenue related expense in FY
revenue 2023 stood at €583.4m versus €534.6m
related in FY 2022, higher by 9.1% y-o-y, to
expense support elevated retail & online
operations alongside widespread inflationary pressures. Q4 2023 gaming revenue related expense was €162.9m vs. €152.8m in Q4 2022, higher by 6.7% y-o-y.
OPAP S.A. Consolidated Financial Statements | |
for the Fiscal Year ended December 31st, 2023 | 5 |
[Public]
News Release
FY 2023 FINANCIAL PERFORMANCE
Payroll expense
(€ '000) | Q4 2023 | Q4 2022 | Δ% | FY 2023 | FY 2022 | Δ% | |||||||||||||||
Wages and salaries | 17,176 | 17,054 | 0.7 | 69,527 | 65,387 | 6.3 | |||||||||||||||
Social security costs | 3,905 | 3,649 | 7.0 | 13,431 | 12,902 | 4.1 | |||||||||||||||
Other staff costs | 2,663 | 2,843 | -6.3 | 8,832 | 6,215 | 42.1 | |||||||||||||||
Total cost | 23,744 | 23,547 | 0.8 | 91,791 | 84,503 | 8.6 | |||||||||||||||
% of total revenues (GGR) | 4.1 | 4.4 | 4.4 | 4.4 | |||||||||||||||||
Payroll Payroll expense in FY 2023 stood at
expense €91.8m compared with €84.5m in FY 2022, higher by 8.6% y-o-y. Q4 2023 payroll expense increased marginally by 0.8% y-o-y to €23.7m.
Marketing expense
(€ '000) | Q4 2023 | Q4 2022 | Δ% | FY 2023 | FY 2022 | Δ% | |||||||||||||||
CSR & sponsorship expense | 11,189 | 12,294 | -9.0 | 38,766 | 32,688 | 18.6 | |||||||||||||||
Advertising expense | 27,557 | 30,511 | -9.7 | 84,590 | 79,012 | 7.1 | |||||||||||||||
Total | 38,746 | 42,806 | -9.5 | 123,356 | 111,700 | 10.4 | |||||||||||||||
% of total revenues (GGR) | 6.7 | 7.9 | 5.9 | 5.8 | |||||||||||||||||
Marketing Marketing expense in FY 2023
expense increased by 10.4% y-o-y to €123.4m vs €111.7m in FY 2022, on the back of increased spending in CSR and
sponsorships. Q4'23 marketing expenses decreased by 9.5% y-o-y partially due to easy comps.
Other operating | ||||||||||||||||||
expense | ||||||||||||||||||
(€ '000) | Q4 2023 | Q4 2022 | Δ% | FY 2023 | FY 2022 | Δ% | ||||||||||||
IT related costs | 10,705 | 11,248 | -4.8 | 39,655 | 37,353 | 6.2 | ||||||||||||
Utilities & Telco | 3,297 | 3,378 | -2.4 | 12,999 | 13,489 | -3.6 | ||||||||||||
costs | ||||||||||||||||||
Rentals | 228 | 123 | 85.7 | 941 | 853 | 10.3 | ||||||||||||
Inventory | 1,875 | 1,569 | 19.5 | 6,711 | 5,006 | 34.1 | ||||||||||||
consumption | ||||||||||||||||||
Other | 36,017 | 31,205 | 15.4 | 138,167 | 112,206 | 23.1 | ||||||||||||
Total | 52,122 | 47,523 | 9.7 | 198,474 | 168,907 | 17.5 | ||||||||||||
OPAP S.A. Consolidated Financial Statements | ||||||||||||||||||
for the Fiscal Year ended December 31st, 2023 | 6 |
[Public]
News Release
FY 2023 FINANCIAL PERFORMANCE
Other Other operating expense in FY 2023 operating stood at €198.5m versus €168.9m in
expense FY 2022, higher by 17.5% y-o-y. On a l-f-l level (excl. one-off items in both years), other Opex increased by 6.0% y-o-y. Q4 2023 other operating expense was €52.1m, higher by 9.7% y-o-y (Q4 2022: €47.5m). On a comparable basis, other Opex increased by 11.0% y-o-y.
Cash Flows
(€ '000) | FY 2023 | FY 2022 | Δ% | |||||||||
Cash Flow from Operating Activities | 527,594 | 659,800 | -20.4% | |||||||||
Cash Flow from Investing Activities | 92,630 | -53,235 | -274.0% | |||||||||
Cash Flow from Financing Activities | -857,323 | -742,493 | 15.5% | |||||||||
Cash Flow from Cash flows from operating
Operating activities in FY 2023 stood at
Activities €527.6m versus €659.8m in FY 2022 on the back of increased tax outflows and payables.
Cash Flow from Cash flows from investing
Investing activities in FY 2023 amounted to
Activities an inflow of €92.6m, mainly attributed to the inflow from a Betano earn-out.
Cash Flow from Cash flows from financing
Financing activities in FY 2023 amounted to
Activities an outflow of €857.3m, constituting €687.9m of dividends and capital return distributions alongside a net repayment of borrowings of €128.2m.
OPAP S.A. Consolidated Financial Statements | |
for the Fiscal Year ended December 31st, 2023 | 7 |
[Public]
News Release
FY 2023 FINANCIAL PERFORMANCE
3. MAIN LATEST DEVELOPMENTS
Shareholders Remuneration FY'23 - Total €1.85 per share (including €1.00 interim DPS already paid in November '23)
-
Annual General Meeting (AGM) & Dividend Payment
The Board of Directors of OPAP intends to propose to the AGM to be held on 25 April 2024, the distribution of a €1.60 gross dividend per share for the fiscal year 2023, out of which €1.00 per share was already paid as interim dividend in November 2023. Subject to AGM approval, the ex-dividend date is set at 29 April 2024. Dividend payment to the entitled shareholders commences on 9 May 2024. OPAP's management welcomes proactive dialogue with investors and would like to invite its shareholders to participate in the AGM. - Capital Return to the shareholders
The Company's BoD intends to propose to the AGM to be held on 25 April 2024 the distribution of €0.25 per share as a capital return with an ex-rights date for capital return on 25 June 2024, and the commencement of payment on 1 July 2024.
OPAP has been awarded Top Employer Greece 2024
OPAP is among the country's top employers, and the company received the Top Employer in Greece 2024 certification. This honorary distinction highlights OPAP's dedication to the growth and development of its employees, in a work environment that stands out. Moreover, it underlines OPAP's strategic choice to implement integrated policies, focusing on enhancing the engagement of its people and offering unique work experience.
Cease of Greek Horse Races
As of 30 January 2024, the conduct of Greek horse races was ceased following Horse Races S.A.'s release from the respective obligation according to the Concession Agreement. In addition, Horse Races S.A. exercised its contractual right to terminate the Lease Agreement for the Athens Hippodrome at Markopoulo. It is noted that, despite the significant and long-term efforts by Horse Races S.A. since it took over this activity in 2016, and the company's continuous major investments, Greek horse races continued to decline, in a progressively escalating manner, while they remained a constantly loss-making and unsustainable business.
Eurojackpot launch
On 6 March 2024, OPAP launched Eurojackpot in Greece, one of the most popular multi-country lottery games in Europe, as part of its strategy to enhance, refresh and make more exciting its draw-based games portfolio and upgrade customers' experience. Eurojackpot offers players the opportunity to win multimillion prizes, with a minimum guaranteed jackpot of €10 million and maximum of €120 million. The game is played in 19 countries (incl. Greece) across Europe and has distributed more than €12 billion since its inception in 2012. By introducing Eurojackpot, OPAP aims to expand its customer base, generate incremental revenues creating value for its shareholders, while also contributing to the society and the economy of Greece.
Share Buyback evolution
As of 8 March 2024, 3,382,917 own shares have been purchased, since 3.10.2023 at a total cost of €52.5 million, resulting in the Company owning 5,212,541 treasury shares or 1.41% of shares issued.
OPAP S.A. Consolidated Financial Statements | |
for the Fiscal Year ended December 31st, 2023 | 8 |
[Public]
News Release
FY 2023 FINANCIAL PERFORMANCE
Conference Call Invitation
Q4 2023 Financial Results Conference Call
An analyst call will be held on Thursday, March 14th, 2024
at 04:00 PM (Athens) / 02:00 PM (London) / 10:00 AM (New York)
The corresponding video presentation will be posted on the Company's website / IR section
(https://investors.opap.gr/en/results-and-news/financial-statements/2023)
Participants will have the opportunity to watch the video presentation in advance
and join the Q&A conference call.
Dial-in Numbers: | ||
UK participants please dial | +44 | (0) 800 368 1063 |
Greek participants please dial | +30 | 211 180 2000 |
US participants please dial | + 1 516 447 5632 | |
Other International please dial | +44 | (0) 203 0595 872 |
Live Webcast:
The conference call will be available via audio webcast in real time and you may join by linking at: https://www.opap.gr/23Q4or https://87399.themediaframe.eu/links/opap23Q4.html
If you experience any difficulty, please call + 30 210 9460803 or email at hellas@choruscall.gr
CONTACTS
OPAP - 112 Athinon Ave., 104 42 Athens, Greece
Investor Relations - Tel: +30 (210) 5798930 - ir@opap.gr
ATTACHMENTS
- Statement of Financial Position
- Income Statement
- Statement of Comprehensive Income
- Statement of Changes in Equity
- Consolidated Statement of Changes in Equity
- Separate Statement of Changes in Equity
- Cash Flow Statement
OPAP S.A. Consolidated Financial Statements | |
for the Fiscal Year ended December 31st, 2023 | 9 |
[Public]
News Release
FY 2023 FINANCIAL PERFORMANCE
1. Statement of Financial Position
Amounts in thousands of euro | GROUP | COMPANY | ||||||||||||
31.12.2023 | 31.12.2022 | 31.12.2023 | 31.12.2022 | |||||||||||
ASSETS | ||||||||||||||
Non - current assets | ||||||||||||||
Intangible assets | 930,483 | 1,021,349 | 674,583 | 736,190 | ||||||||||
Property, plant and equipment | 45,470 | 56,752 | 44,183 | 54,581 | ||||||||||
Right-of-use assets | 24,871 | 32,135 | 21,218 | 18,342 | ||||||||||
Investment properties | 1,356 | 3,007 | 1,356 | 3,007 | ||||||||||
Goodwill | 342,688 | 342,688 | - | - | ||||||||||
Investments in subsidiaries | - | - | 446,412 | 575,412 | ||||||||||
Trade receivables | 3,093 | 748 | 3,093 | 748 | ||||||||||
Other non - current assets | 56,965 | 60,917 | 57,776 | 66,016 | ||||||||||
Deferred tax assets | 14,860 | 35,651 | - | - | ||||||||||
Long - term investments | 550 | - | - | - | ||||||||||
Total non - current assets | 1,420,335 | 1,553,246 | 1,248,621 | 1,454,296 | ||||||||||
Current assets | ||||||||||||||
Inventories | 5,075 | 5,552 | 2,496 | 2,879 | ||||||||||
Trade receivables | 104,259 | 102,123 | 50,668 | 57,924 | ||||||||||
Current income tax assets | 12,738 | 17 | - | - | ||||||||||
Other current assets | 66,791 | 182,284 | 43,864 | 35,757 | ||||||||||
Short - term investments | 3,556 | 3,634 | - | - | ||||||||||
Cash and cash equivalents | 487,334 | 724,433 | 149,953 | 247,796 | ||||||||||
Total current assets | 679,751 | 1,018,043 | 246,981 | 344,356 | ||||||||||
Total Assets | 2,100,086 | 2,571,289 | 1,495,603 | 1,798,652 | ||||||||||
EQUITY & LIABILITIES | ||||||||||||||
Equity | ||||||||||||||
Share capital | 111,019 | 109,003 | 111,019 | 109,003 | ||||||||||
Share premium | 105,482 | 165,148 | 105,482 | 165,148 | ||||||||||
Reserves | 37,006 | 36,334 | 37,006 | 36,334 | ||||||||||
Treasury shares | (43,145) | (12,851) | (43,145) | (12,851) | ||||||||||
Retained earnings | 530,289 | 745,146 | 335,070 | 420,891 | ||||||||||
Equity attributable to owners of the | 740,651 | 1,042,780 | 545,432 | 718,525 | ||||||||||
Company | ||||||||||||||
Non-controlling interests | 34,112 | 32,653 | - | - | ||||||||||
Total equity | 774,763 | 1,075,433 | 545,432 | 718,525 | ||||||||||
Non-current liabilities | ||||||||||||||
Borrowings | 586,569 | 506,679 | 586,454 | 466,565 | ||||||||||
Lease liabilities | 19,527 | 39,328 | 16,762 | 13,959 | ||||||||||
Deferred tax liability | 123,087 | 124,483 | 44,724 | 41,916 | ||||||||||
Employee benefit plans | 3,524 | 2,802 | 3,374 | 2,670 | ||||||||||
Other non-current liabilities | 2,312 | 3,141 | - | - | ||||||||||
Total non-current liabilities | 735,018 | 676,433 | 651,314 | 525,112 | ||||||||||
Current liabilities | ||||||||||||||
Borrowings | 73,976 | 281,707 | 61,804 | 311,533 | ||||||||||
Lease liabilities | 6,512 | 7,792 | 5,658 | 5,604 | ||||||||||
Trade payables | 201,501 | 181,684 | 87,695 | 84,329 | ||||||||||
Employee benefit plans | 3,508 | 3,464 | 1,501 | 3,464 | ||||||||||
Provisions | 12,291 | 10,823 | 12,244 | 10,820 | ||||||||||
Current income tax liabilities | 119,047 | 117,173 | 59,984 | 77,648 | ||||||||||
Other current liabilities | 173,469 | 216,781 | 69,971 | 61,617 | ||||||||||
Total current liabilities | 590,305 | 819,424 | 298,856 | 555,015 | ||||||||||
Total liabilities | 1,325,323 | 1,495,856 | 950,171 | 1,080,127 | ||||||||||
Total Equity & Liabilities | 2,100,086 | 2,571,289 | 1,495,603 | 1,798,652 | ||||||||||
OPAP S.A. Consolidated Financial Statements | ||||||||||||||
for the Fiscal Year ended December 31st, 2023 | 10 |
[Public]
Attachments
- Original Link
- Original Document
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Disclaimer
OPAP SA - Greek Organisation of Football Prognostics published this content on 13 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 March 2024 16:53:08 UTC.