Before presenting its financial results for 2024, Cirsa announced that sales reached approximately EUR2.195m.
Spain.- While Cirsa is expected to present its financial report for 2024 next Thursday February 20, the company has anticipated that it will close the fiscal year with an EBITDA of approximately EUR698m and approximate sales of EUR2.195m, a record figure for the multinational gaming company.
These results represent a significant increase compared to the previous year, placing the company in a favorable position before its anticipated stock market debut.
According to information sent to investors and published by the local media El Economista, the operating result will represent an improvement of around 10.8 percent compared to EUR630.8m from the previous season.
With this profitability, the organization indicates that the debt/EBITDA ratio will be 3.8 times. From the calculation, it is derived that it will be around EUR2.650m, slightly higher than the EUR2.598m from the previous quarter. The metric is also within the range previously communicated to the market - between 3.7 times and 3.9 times -.
The improvement in profitability has gone hand in hand with an increase in sales, which rose 8.1 percent compared to the previous year. In addition, the online division of Cirsa has experienced a notable growth of 29 percent in sales, reaching EUR420m, with an EBITDA for this division of EUR85m, which represents an increase of 55 percent.
