- OPAP’s net income for the third quarter stands at €120.5 million, marking a 45% increase compared to the previous year.
- The company’s EBITDA for Q3 reached €213.2 million, surpassing the estimate of €189.7 million and showing a 47% year-on-year growth.
- Gross gaming revenue in the third quarter rose to €565.8 million, which is an 18% increase compared to the last year.
- For the first nine months of 2024, OPAP reported a net income of €352 million, reflecting a 14% growth year-on-year.
- EBITDA for the nine months ended reached €586.9 million, demonstrating a 13% increase from the previous year.
- Gross gaming revenue for the same nine-month period was €1.65 billion, up by 9.4% year-on-year.
- The strong profitability observed in the first nine months positions the company’s full-year EBITDA towards the higher end of its 2024 forecast.
- CEO Jan Karas expressed confidence in meeting OPAP’s financial and business goals for the entire year, aiming for the upper range of the 2024 outlook.
A look at OPAP SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
OPAP SA, a company that accepts bets on sporting events and lottery games with a particular focus on soccer games, has been assessed using Smartkarma Smart Scores. With a strong focus on dividend and momentum, scoring 5 in both categories, OPAP SA indicates a promising outlook for investors looking for stable returns and positive market performance. The company’s resilience score of 4 signals a robust ability to weather market fluctuations, further adding to its attractiveness for long-term investors.
While OPAP SA‘s scores in value and growth are not as high as its dividend and momentum scores, with a value score of 2 and growth score of 3, the overall assessment based on Smartkarma Smart Scores paints a positive picture for the company’s long-term prospects. Investors may find OPAP SA an appealing choice for a balanced investment portfolio, considering its strong dividend yield, market momentum, and resilience against market challenges.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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