STS Group: Financial results H1 2022
STS Group – one of the largest bookmakers in Central Europe and the market leader in Poland – from January to June 2022 generated consolidated revenue of PLN 263 million. Adjusted EBITDA in H1 2022 amounted to PLN 117 million. The Group’s net profit from January to June this year amounted to PLN 62 million.[1] In H1 2022, STS S.A. – the main operating company of the STS Group – achieved a net profit of as much as PLN 83 million.[2]
In H1 2022, STS Group generated NGR of over PLN 296 million, compared to PLN 295 million in the previous year. From January to June 2022, the value of bets concluded by the clients of the STS Group amounted to PLN 2.189 billion, compared to PLN 2.222 billion last year.
It is worth noting that in H1 2021, the European Championship was held, and this year’s World Championship in Qatar will only start in Q4 2022.
In the first six months of 2022, we generated fully satisfactory financial and operating results. It should be noted that EURO 2020 was played at the turn of Q2 and Q3 last year. Meanwhile, we increased our revenue and NGR year-on-year, despite the high base. Moreover, since February, we have been dealing with increasing inflation, the weakening activity of the Polish economy and the war in Ukraine. The unfavorable macroeconomic situation has changed the sentiment in the Polish economy. However, the STS Group, thanks to its competitive advantages, generates satisfactory operational indicators. In July and August this year, it generated NGR at the level of PLN 103 million, which is a result by 32% higher than in July and August 2021. The sum of the rates in July-August 2022 amounted to PLN 713 million, while in July-August 2021 it was PLN 677 million. Furthermore, the increase in acquisitions and greater activity of players will take place in Q4 of this year because of the calendar of sports competitions, including the World Cup in Qatar, in which our national team will participate – says Mateusz Juroszek, CEO of STS Holding .
The Management Board and the Supervisory Board of STS Holding, following publication of the semi-annual report, in accordance with the dividend policy in force, may decide on the payment of an advance on dividends. Standalone net profit of STS Holding SA in H1 this year amounted to almost PLN 86 million. In accordance with the law, half of this amount may be paid to shareholders this year – adds Mateusz Juroszek.
The Group has no external debts and no bank obligations, and the granted credit lines have not been disbursed. As on 30 June of this year, the STS Group had a total of PLN 238 million of reserve capital, including PLN 198 million of financial resources and their equivalents and PLN 40 million of unused credit lines.
The STS Group is the largest bookmaker in Poland in terms of turnover, operating also on an international scal, thanks to the licenses in Great Britain and Estonia, from where it offers services on several markets. The poducts offered by the Group include sports betting, Virtual Sports, online casino (outside of Poland), BetGames and a wide range of eSports.
For many years, the group has been continuously implementing the “mobile-first” strategy based on the proprietary bookmaker system. It is constantly developing its own technology platform to meet customer needs and set market trends. The Group’s investments in the product portfolio and technological solutions in 2021 amounted to PLN 29 million. Furthermore, in 2020, STS S.A. took control of Betsys, the Czech technology company, in which it currently holds 74% of shares. Betsys is the main provider of IT solutions for the bookmaker in Poland, both for online and retail channels. In total, the Group’s product and platform development team consists of about 160 highly qualified specialists, including approximately 85 programmers, 55 other employees in technology and platform development, and 20 people dealing with business intelligence and business analytics.
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More information:
STS press office
e-mail: [email protected]
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About the STS Group
STS Group – one of the largest bookmakers in Central Europe and the market leader in Poland – was established in 1997. The bookmaker – outside Poland – is licensed in the UK and Estonia, from which it offers services on several markets. The portfolio of the Group includes sports betting, Virtual Sports, online casino (excluding Poland), BetGames and a wide range of eSports.
The Group provides online services not only via the desktop website, but also through its mobile version, as well as Android and iOS dedicated applications and a network of approx. 400 retail betting shops across Poland. The Group is continuously improving its offering by, among others, providing more live bets and strengthening its leading position in the field of eSports. The bookmaker has also created its own withdrawal system – STSpay – allowing for quick transfers 24/7. The Group additionally owns Betsys – the company providing betting engine.
Thanks to effective 24/7 customer service, the Group can respond to increasing customer needs. Also, the Company offers live broadcasts of sports events via STS TV, also available to users of mobile devices. Every month, the Company broadcasts nearly 5,000 sports events, including, among others, football, tennis, volleyball, basketball and other sports.
The bookmaker is actively involved in supporting Polish sport, being the largest private entity on the domestic sponsorship market. The Company is the official sponsor of the Polish National Football Team, the strategic sponsor of Lech Poznań, the main sponsor of Jagiellonia Białystok and the official bookmaker of Widzew Łódź, Lechia Gdańsk, Zagłębie Lubin, Polish Volleyball League and other clubs and sports associations. The Group also supports eSports.
The company has modern betting outlets, which are located in every major city in Poland – there are over 400 of them in total throughout the country. The group employs over 1,500 people.
In February 2019, the Group started operating on European markets. Outside Poland, the bookmaker is licensed in the UK and Estonia, from which it offers services on several markets. The group is the first Polish bookmaker to start operating abroad. In addition, the Group operates in the Czech Republic (Betsys) and Malta.
STS Holding shares debuted on the WSE on December 10, 2021. The total value of the public offering was approx. PLN 1.1 billion, while the company’s capitalization resulting from the final price was approx. PLN 3.6 billion. The investors acquired 46,874,998 shares, or 30% of the share capital of STS Holding. The average reduction in subscriptions submitted by individual investors amounted to approx. 87.2%. Mateusz Juroszek and his family maintain 70% of the shareholding in the company.
After taking into account the write-off in the amount of PLN 9.2 million[1]
After taking into account the write-off in the amount of PLN 9.2 million[2]