STS signals positive H1 results driven by Betsys benefits

STS Group has underlined its confidence in achieving its full-year 2022 commercial and tech objectives, following strong H1 corporate performance. 

Publishing a snapshot update on H1 2022 trading, Poland’s largest betting group matched like-for-like H1 2021 NGR results of PLN 296m (€62m).

The positive NGR result was generated from combined group wagers of PLN 2.2bn (€460m) as STS matched tough 2021 comparatives featuring a congested sports calendar that included UEFA Euro2020 trading.

STS confirmed that results were maintained following a strong Q2 performance that saw it register active user accounts of +375,000, benefitting from 66,000 new customers who made their first deposits.

The group’s improved KPI performance was attributed to the expanded IT benefits garnered from the full integration of its proprietary Betsys systems and platforms.

In the summer 2020, STS acquired long-term platform and software solutions partner Betsys in a strategic move to bolster its European markets expansion and later Warsaw WSE IPO that was concluded in December 2021.   

The acquisition of Betsys has been supported by a further investment of PLN 29 million, to accelerate STS group technology resources.

Currently STS employs “85 programmers, 55 other employees in technology and platform development, and 20 people dealing with business intelligence and business analytics”.

Mateusz Juroszek, Group CEO of STS Holding, commented on H1 trading, saying:  “In the first half of this year, we achieved very good operating results. We have slightly improved NGR – the value of amounts staked by the customers, less the winnings paid and gambling and lottery tax – compared to the same period last year.

“It is worth noting that in 2021, the EURO 2020 was played in that period. In the second half of this year, we hope that the very attractive calendar of sports events and the World Championships in Qatar will allow us to develop even better operating indicators, which will also positively translate into financial results.”

STS Group will publish its H1 2022 trading results on 14 September.

Kindred harmful revenue steady at 3.3% as firm seeks to hit net zero goal Discover the hottest innovations in the ‘Casino and iGaming Zone’ at SBC Summit Barcelona

No Comments

No comments yet

Leave a Reply

Your email address will not be published. Required fields are marked *