While the ps published by the online betting and casino group have yet to be audited, Super Group anticipates healthy financials for 2021, a year that saw it grow its international footprint.
Full-year NGR is expected to be up 36% over 2020, while EBITDA is expected to be greater than $350m, reflecting, said Super Group, growth and profitability in existing and new markets.
“This reflects our team’s ability to execute our global business plan with precision, driving profitability while still attracting customers, entering new territories and expanding our sponsorship portfolio,” remarked Neal Menashe, Super Group CEO.
“Occasional industry headwinds, such as a lower-than-expected sports margin in October, along with the closure of select markets, including the Netherlands, were offset by stronger-than-projected new customer acquisition and revenues in multiple markets.”
The company’s betting brand, Betway, is currently live in five US states through Digital Gaming Corporation (DGC), which has also secured market access in up to an additional seven states.
DGC is further expected to become a part of Super Group later this year it said, subject to regulatory approval.
Super Group also recently went public, listing on the New York Stock Exchange. It intends to publish its full-year report, with audited financial results, in the first half of April.
Richard Hasson, Super Group’s President and Chief Operating Officer (COO), said: “Super Group has an expanding, global footprint in a high-growth addressable market.
“We seek to consistently drive top-line growth without sacrificing profitability, and we benefit from decades of experience navigating new and evolving markets.
“With our public listing complete, we intend to report full year 2021 results and hold our first earnings call in the first half of April.”
