Once the restrictions on the gaming sector already seem like a thing of the past, Cirsa celebrates the return to benefits. The company owned by the Blackstone fund has already returned to black numbers in 2022 and if profits of 6.6 million were already recorded in the first quarter, the result amounted to 14 million euros until June. Meanwhile, turnover reached 778.3 million, practically double that of the same period of the previous year.
The profits of 14 million contrast with the up to 105.5 million that the organization led by Joaquim Agut left in the first half of 2021. To maintain the path of profitability, the firm assumes that it will have to focus on cost savings in the face of the inflationary scenario that Europe is experiencing. Ebitda reached 132.2 million (+63.1%).
With the limitations of capacity and opening already forgotten, it is already close to an activity equal to that registered before the coronavirus. Thus, revenues shot up from 403.9 million to 778.3 million euros. “It was thanks to the execution of the business plans to recover customers and the good performance, especially of the slots and casinos divisions,” the company explained. s of the outbreak of the coronavirus.
Meanwhile, the debt remains practically unchanged and closed the month of June at 2,525 million compared to the 2,659 million it had on the same dates in 2021. However, having improved the results with the return of activity, the debt ratio debt/Ebitda fell from 12.1 times to 4.9 times.
The organization also released its forecasts for the third quarter, for which it expects an Ebitda of between 132 million and 135 million euros and a debt of 4.7 times. For the full year, it predicts an Ebitda of between 520 and 530 million and a debt ratio of 4.4 times.
Facebook Comments
Disqus