STS Group, a prominent player in the online gambling industry, has announced its impressive financial results for 2022. The company achieved a consolidated revenue of PLN 597m, representing substantial growth. The fourth quarter alone saw a remarkable increase of 43% in revenue, amounting to PLN 167m. Alongside revenue growth, STS Group experienced significant improvements in net profit and adjusted EBITDA, reinforcing its position as a key player in the market. To further consolidate its success, the company plans to focus on the Polish market, while withdrawing from the UK and Estonian markets.
Impressive Financial Performance:
STS Group’s consolidated net profit for 2022 reached PLN 58m, marking a remarkable 290% increase compared to the previous year. The adjusted EBITDA of PLN 83m demonstrated a substantial year-on-year growth of 122%. Moreover, the company achieved a net profit of PLN 169m, reflecting a nearly 29% increase from the previous year. These outstanding financial results underscore STS Group’s commitment to delivering exceptional performance and solidifying its position as a leader in the industry.
Strategic Focus on Poland:
To achieve its targets for 2023, STS Group has formulated a strategic plan that prioritizes the Polish market while exiting the UK and Estonian markets. Mateusz Juroszek, President of the Management Board of STS Holding, highlighted the company’s focus on Poland to increase profitability and fully leverage the dynamic market’s potential. The company aims to enhance operational efficiency, implement cost savings, and improve its product offerings. Juroszek expressed confidence that turnover, NGR (Net Gaming Revenue), and EBITDA would surpass the previous year’s figures, reflecting STS Group’s commitment to continued growth.
Record-Breaking Net Gaming Revenue:
In 2022, STS Group achieved a remarkable Net Gaming Revenue (NGR) of PLN 663m, representing a substantial increase from PLN 565m in the previous year. The company’s success in attracting new customers is evident from the 439,000 registrations received, with 317,000 customers making active deposits. The fourth quarter alone witnessed 202,000 new registrations and 154,000 first-time deposits, demonstrating the brand’s appeal and ability to engage a growing customer base.
STS Group’s financial performance in 2022 showcased exceptional results, with record-breaking revenue, net profit, and adjusted EBITDA. The company’s strategic decision to focus on the Polish market aligns with its objective of maximizing profitability and capitalizing on the country’s dynamic gambling landscape. By emphasizing operational efficiencies and product enhancements, STS Group aims to surpass its achievements in the upcoming year. With a significant increase in Net Gaming Revenue and a growing customer base, the company is well-positioned to solidify its market presence and continue delivering outstanding results.