Cirsa to exceed 2,000 million sales with record profitability
Thursday 13 de June 2024 / 12:00
⏱ 1 min read
(Barcelona).- Cirsa gaming group has good prospects for this year. The company, owned by the Blackstone fund, reported yesterday at a meeting with analysts and bondholders in London that it plans to surpass the barrier of 2,000 million euros in revenue this year and set a record with the gross operating result (ebitda).
These good forecasts reinforce the potential of the Catalan company at a key moment, as it once again works on an eventual listing on the stock market.
To investors, Cirsa highlighted the diversification of the business with the results of the first quarter. Spain represents 41% of income, followed by Italy (27%), Panama (9%), Mexico (8%), and Colombia (7%), among others. Casinos account for 47% of turnover, while slot machines in Spain account for 27%, those in Italy represent 5% and online betting, 10%.
The Catalan group's turnover will be between 2,110 million (+6%) and 2,160 million (+8%) in 2024. For its part, leverage will be reduced to levels considered normal, such as 3.6 times or 3.8 times the ebitda. The operating cash flow objective remains at 50% of EBITDA.
During the session in London, Cirsa's senior staff reported on the eventual debut on the trading floor. “Today, going public remains an option and its execution and more specifically its possible dates depend on market conditions to ensure an optimal valuation of the company,” the presentation states.
The Catalan multinational gaming company hired three coordinating banks a few weeks ago to explore the operation. These are Deutsche Bank, Barclays and Morgan Stanley. Sources from the firm acknowledged that the company has already begun preparations, although without having a defined calendar. In recent months, some investment banks had placed the company's value close to 6 billion. The company already made moves to go public in 2017.
Categoría:Others
Tags: CIRSA,
País: Spain
Región: EMEA
Event
SBC Summit Americas 2026
09 de June 2026
SBC Summit Americas: Key Insights on Latam markets from Timeless Tech
(Fort Lauderdale, SoloAzar Exclusive).- The SBC Summit Americas 2026 in Miami brought together the most influential voices in the gaming and betting industry. Vanesa Prelec, Timeless Tech B2B Marketing Specialist, shared her reflections on the event, highlighting the opportunities, trends, and strategies shaping the future of the Latin American market.
Thursday 25 Jun 2026 / 12:00
Diego Verano and the consolidation of Eeze at SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- In dialogue with Diego Verano, Director of Business Development LatAm at Eeze, the executive analyzes the balance of the company's participation in the SBC Summit Americas, the opportunities for expansion in the Americas, the trends that marked the agenda of the event and the growing relevance of responsible gaming and regulation in the industry.
Wednesday 24 Jun 2026 / 12:00
Driving Player Engagement: EGT Digital's Insights from SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- SBC Summit Americas offered EGT Digital an excellent platform to strengthen existing relationships and engage directly with the LATAM market. Learn more in the following interview with Andres Troelsen, Regional Sales Director LATAM.
Monday 22 Jun 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
