Overall, second-quarter revenue reached € 409.4 million, 6.6% more than the € 383.9 million recorded in 2016, largely due to growth in Argentina (13.2%), Mexico (7.5%) and in Spain (5.7%).
Adjusted EBITDA amounted to € 63.5 million
in the second quarter of 2017, down 3.3% from the same period in 2016, as a
result of the increase in taxes on gambling in Argentina and Italy and the
weakness of the margin in Spain.
Cumulative revenues for the year amounted to € 814.5 million, up 7.2% on the
previous year.
Investments made in the second quarter of
2017 amounted to € 23.6 million, € 16.9 million to maintenance projects and €
6.7 million to growth, which were mainly used to acquire machinery operators in
Italy and the expansion of the sports betting business in Spain.
Codere's machine park (excluding those operated by third parties) remained
stable compared to 2016, standing at 55,331 units, offsetting the growth of the
park in Italy, rationalizing the portfolio of points of sale in Colombia.
