opap sa (OPAP) Snapshot

OPAP Presents at European Travel & Leisure Conference 2013, Jun-12-2013 . Venue: Stirling Square, 5-7 Carlton Gardens, London SW1Y 5AD, United Kingdom. Speakers: George Vitorakis, IRO - Business Analyst, Nikos Polymenakos, IRO.

Greek Organisation of Football Prognostics S.A., Board Meeting, May 23, 2013. Agenda: To decide on AGM.

OPAP SA announced consolidated and parent earnings results for the first quarter ended March 31, 2013. For the quarter, on consolidated basis, the company reported net revenues of €217,113,000 against €349,312,000 a year ago. Operating profit was €46,863,000 against €173,302,000 a year ago. Profit before tax was €51,603,000 against €166,399,000 a year ago. Profit after tax was €38,941,000 or €0.1221 per basic share against €131,906,000 or €0.4135 per basic share a year ago. Cash flows from operating activities were €133,943,000 against €169,432,000 a year ago. Outflow of intangible assets was €4,654,000 against €74,000 a year ago. Outflow of tangible assets was €2,533,000 against €2,543,000 a year ago. Revenues were down due to the harsh local macroeconomic environment, fewer effective trading days and player winnings taxation. For the quarter, on parent basis, the company reported net revenues of €285,186,000 against €332,008,000 a year ago. Operating profit was €47,462,000 against €171,819,000 a year ago. Profit before tax was €51,790,000 against €164,277,000 a year ago. Profit after tax was €37,227,000 or €0.1167 per basic share against €130,114,000 or €0.4079 per basic share a year ago. Cash flows from operating activities were €127,320,000 against €173,679,000 a year ago. Outflow of intangible assets was €4,654,000 against €74,000 a year ago. Outflow of tangible assets was €39,000 against €567,000 a year ago. The company’s management keeps intact its net profit guidance for the year 2013 at €116 million.