Sisal revenue up 23% year-on-year
Italy-based lottery and retail operator posts €459.8m in first nine months of 2021 despite Covid restrictions
Italian lottery and fixed-odds betting terminal company Sisal has announced during its Q3 results that nine-month revenue was up by 23% year-on-year (YoY) compared to the first nine months of 2020.
The firm reported revenue of €459.8m up to 30 September 2021 compared to €373m in the first nine months of 2020. EBITDA was also up from €123.9m to €169.5m YoY.
The board of directors attributed the strong performance to “very positive online performance, successful deployment of their lottery affiliation programme and the brilliant contribution of the business in Turkey”.
The board additionally pointed to a successful customer base acquisition thanks to “SEO and affective affiliation model” resulting in a market share of gross gaming revenue (GGR) of 11.7% in spite of Covid-19 related restrictions.
In Italy, the government imposed a second lockdown for retail businesses on 6 November 2020 which continued for much of H1 2021. This also included additional curfews which restricted business operating hours.
Strong Q3 revenue has come on the back of economically recovering Eurozone countries on the back of successful vaccine rollouts and the reopening of businesses.
Despite Covid-related restrictions, retail accounted for 42.8% of revenue (€196.9m) with online 40.4% (€185.6m).
The internationalisation strategy, which saw the company up their presence in Morocco, Spain and Turkey, generated €77.3m compared to international revenue of €12.6m in the first nine months of 2020. International revenue accounted for 16.9% of turnover compared to 3.4% in 2020.