CIRSA obtains 158 M operating profit in the 2Q 2023

These results confirm the solid growth trend of the company's business thanks to its strategy of focusing on key markets and continuously improving the offer and quality of service, which means exceeding operating income by 26.5% and profit operational by 19.5% compared to the second quarter of 2022.

On the other hand, the Group has obtained a rating of 12 points in the evaluation carried out annually by Sustainalytics(1), a score that places CIRSA in the 'low risk' category in ESG matters, placing it in the top 3 companies in the gaming sector and top 10 in the “Consumer Services” category worldwide in terms of sustainability.

Joaquim Agut, Executive President of the CIRSA Group, values the new rating, and highlights “the great progress that the company has registered in terms of ESG during recent years, the result of the effort and good work of all areas of the company ”. And he adds, “ESG criteria are a fundamental pillar in our corporate strategy and we will remain committed to the initiatives identified as most relevant to our industry.”

Highlights in the second quarter of 2023

CASINOS

The results of the casino and gaming room division have continued to grow thanks to service improvements and the continuous expansion of the product offering with innovative models demanded by our customers. At the same time, our actions have focused on the execution of commercial plans focused on improving the quality of the points of sale, the growth of the customer base and the improvement of margins, a consequence of both the increase in income and the execution of cost efficiency projects in all geographic areas where the company operates. In the Interactive area, specialized in gaming room management systems, the growth of Forward Systems facilities throughout Spain continued.

SPAIN SLOTS

The division's activity and results continue to evolve at a very good pace thanks to the great performance of the latest generation of products, recognized for their reliability and innovation, such as the new Manhattan Party machine for the Hospitality channel. The priority has been to continue with the correct execution of the commercial plans based on a selective search for the highest quality points of sale, the installation of the product adapted to each location and the improvement of efficiency in our logistics and service platform.

In the industrial area, the actions carried out to improve the costs of raw materials and components, and the progressive normalization of delivery times in the supply chain have been determining factors in the improvement of results.

ITALY SLOTS

The operation in Italy has experienced a significant improvement in revenue compared to 2022, where we highlight the speed in installing products in new and existing locations.

The full incorporation of Modena Giochi and the implementation of the synergies produced by the purchase have contributed significantly to Slots Italia's EBITDA growth.

ONLINE GAMING AND BETTING

The online gaming and sports betting division continues to show its strength with significant growth in both volume and margin in all the markets where it operates, progressively increasing its weight within the Group. The multi-channel and customer intelligence strategies continue to bear fruit, and have been complemented by the good performance of the acquisition channels, favored by both the sports agenda and the excellent activation of Manchester City's sponsorship.