OPAP SA Reports Strong Growth in FY24
In a remarkable display of resilience and strategic growth, Greek gaming operator OPAP SA has announced a significant increase in revenue for the fiscal year 2024. This surge is primarily attributed to the robust performance of its online and sports betting segments, which have become increasingly popular among consumers.
OPAP SA, a leading player in the Consumer Discretionary sector, specializes in operating and managing a variety of numerical lottery and sports betting games. The company’s diverse portfolio includes popular games such as JOKER, LOTTO, PROTO, EXTRA 5, SUPER 3, and KINO for numerical lotteries, alongside PROPO, PROPOGOAL, and STIHIMA for sports and other betting games. Additionally, OPAP SA holds licenses to operate six numerical lottery games and three sports betting games, further solidifying its position in the market.
The company’s recent financial performance has been impressive, with its stock price reaching a 52-week high of €19.13, a significant rise from its 52-week low of €14.40 in June 2024. This upward trajectory reflects investor confidence and the company’s ability to capitalize on the growing demand for online and sports betting services. As of the latest data, the closing price stood at €18.95, showcasing a stable and promising outlook.
OPAP SA’s valuation metrics also paint a picture of moderate yet promising growth. The price-to-earnings ratio is currently at 15.04, while the price-to-book ratio is 12.5. These figures suggest that the company is valued reasonably in relation to its earnings and book value, making it an attractive option for investors seeking growth potential.
Beyond its core gaming operations, OPAP SA offers a range of transaction services, including electronic means and intangible talk time selling, utility and bill payment, and electronic money services. The company also organizes and conducts terrestrial and online mutual betting on horse races, further diversifying its offerings and enhancing its market presence.
As OPAP SA continues to expand its digital footprint and innovate within the gaming industry, it remains a key player on the Athens Exchange SA Cash Market. For more detailed information about the company and its operations, interested parties can visit its website at www.opap.gr .
With a market capitalization of €7.48 billion, OPAP SA is well-positioned to leverage its strengths and continue its growth trajectory in the dynamic and competitive gaming sector.