Athens, Greece – The Organization of Football Prognostics S.A. recently held its Q2 2024 Earnings Conference Call, discussing the company’s financial results with investors and analysts. During the call, Chief Executive Officer Jan Karas and Chief Financial Officer Pavel Mucha shared insights into the company’s performance in the second quarter of 2024.

Karas expressed satisfaction with the solid top-line performance of the company, highlighting the growth in online revenues and the resilience of the retail sector. He attributed the success to the Euro 2024 event, which boosted gaming demand and contributed significantly to sports betting revenues. Online revenues reached a record high, making up almost 30% of the group’s total revenues, reflecting the successful implementation of the company’s digital strategy.

The CEO also mentioned the positive progress in revamping the draw-based games portfolio, particularly with the EuroJackpot game. Additionally, Karas discussed the increasing penetration levels of the iLottery proposition, driven by the company’s loyalty program and the enhanced portfolio of free-to-play games.

In terms of profitability, Karas expressed confidence in the company’s 2024 outlook, highlighting solid margins that support the delivery of financial goals. He announced an interim dividend of EUR 0.60 per share to be paid in November, continuing the company’s shareholder remuneration efforts, including an ongoing share buyback program.

During the question-and-answer session, analysts raised queries about various aspects of the company’s operations, including the performance of online platforms, VLTs, lottery segments, and marketing expenses. The executives provided detailed responses, shedding light on market dynamics, growth expectations, and operational strategies.

The discussion also touched on future opportunities and challenges, such as the renewal of licenses in key markets like Cyprus and Greece. Both Karas and Mucha expressed readiness for upcoming discussions and reiterated the company’s commitment to responsible gaming practices and innovation in its gaming offerings.

Overall, the conference call provided valuable insights into the performance and strategic direction of the Organization of Football Prognostics S.A., showcasing its efforts to drive growth, engage customers, and deliver value to shareholders. Investors and analysts alike gained a deeper understanding of the company’s financial results and future outlook, setting the stage for continued dialogue and collaboration in the industry.