The Partouche Organization has unveiled its six-month financial outcomes for the period concluding in April 2023, disclosing a total gaming revenue (GGR) of €341 million (£293.9 million/$373.4 million).
Partouche Organization’s income for the initial six months of the year attained €341 million, signifying a year-over-year surge of 17.6% in comparison to the initial six months of 2022.
Turnover for the timeframe amounted to €215.6 million, an expansion of 15.2%.
The Partouche Organization declared that overall operating earnings for the six-month span reached €19.3 million, a 99.0% upswing, attributable to diverse elements.
One of these elements was the enhanced performance of the Pasino gambling establishment in Aix-en-Provence, France. It generated €2.1 million in operating earnings during the six-month period.
This marked the inaugural “standard six-month operational period” for the gambling establishment since its renovation was finalized in April 2019.
Moreover, the Partouche Organization emphasized the “exceptional performance” of internet gambling in Switzerland during the timeframe, with operating earnings reaching €500,000 in 2023 compared to €3.5 million in 2022.
The six-month report unveiled that the reduction in turnover (€215.6 million) and operating earnings (€19.3 million) was ascribed to numerous expenses.
Purchases and external expenditures totaled €70.7 million, a year-over-year expansion of 16.5%. However, the most substantial expense documented in the six-month report was linked to personnel costs, totaling €87.4 million, an increase of 6.7%.
Depreciation, amortization, and impairment of fixed assets amounted to €24.5 million, a decline of 6%.
The firms earnings for the initial six months of the year were €20 million, a reduction of 26.2% in comparison to the equivalent period in the previous year. This decline was driven by a 5% drop in sales earnings, coupled with a 5.8% decrease in tax and customs earnings, which amounted to €9.6 million. Other operational expenditures reached €4.2 million.
Other non-current asset income and operational expenditures amounted to €700,000.
Financial income decreased by €1.5 million, resulting in a reduction in income tax and a pre-tax profit of €18.6 million.
After subtracting corporate income tax (€1 million) and CVAE tax (€700,000), net profit reached €18.9 million, a decrease of 23.5% in comparison to the equivalent period in the previous year.
After accounting for €100,000 in profits from equity-accounted associates, net profit for the six months was €18.8 million, a decrease of 23.3% in comparison to the equivalent period in the previous year.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the six months reached €42.7 million, an increase of 24.6% in comparison to the equivalent period in the previous year.
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