Operatoriaus naujienos
Urugvajus – Codere svarsto galimybę parduoti savo Urugvajaus operacijų akcijų paketą
By Fil – 3 m. spalio 2019 d
Codere is analysing the sale of a majority stake in its business in Uruguay or an alliance with a casino operator. Changes to its business operations in Uruguay could include a ‘joint venture’ with a casino operator in the region or the sale of a non-controlling interest in the market.
According to a statement communicated to the Spanish National Securities Market Commission (CNMV): “The Codere group permanently has conversations with potential partners in order to promote and meet its strategic and financial objectives.”
However, the company has specified that no agreement has yet been formalized and that no details may yet be revealed. Last week Spanish digital newspaper El Confidencial, citing sources close to the talks, pointed out that the Spanish company is in negotiations with the Chilean group Sun Dreams to sell at least 50 per cent of its casinos in Uruguay, which have been valued at more than €150m.
Codere has been present in the Uruguayan market for many years. Codere operates two racetracks Maroñas and Las Piedras and the Sofitel Carrasco Casino, with six gaming rooms and more than 2,250 gaming terminals. Revenues in this market reached €79m in 2018, with an Ebitda of €20.2m (-7.7 per cent), which implies that Uruguay’s business accounts for slightly less than one tenth of Ebitda for the entire group.
Rugpjūčio mėn. Codere pranešė apie 70.3 mln. eurų pakoreguotą bendrąjį veiklos pelną (EBITDA) antrąjį šių metų ketvirtį, ty 8.2 proc. daugiau, palyginti su 65 mln. eurų, kuriuos jis uždirbo tą patį 2018 m. ketvirtį. Remiantis duomenimis, Nacionalinei vertybinių popierių rinkos komisijai (CNMV) pranešus, bendrovei antrąjį metų ketvirtį pavyko kompensuoti mažesnį verslo Argentinoje indėlį. Visiems tiems patiems Codere rezultatams įtakos turėjo neseniai įvykęs peso devalvavimas, gilėjant Argentinos ekonominei krizei.
Dėl to bendrovė pranešė, kad antrąjį ketvirtį Argentinoje buvo pakoreguota 17.3 mln. EUR EBITDA, ty 29 proc. sumažėjo, palyginti su tuo pačiu praėjusių metų laikotarpiu. Tačiau Codere pabrėžė, kad bendro pakoreguoto bendrojo veiklos pelno padidėjimą antrąjį ketvirtį lėmė Meksikoje, Ispanijoje, Kolumbijoje ir Urugvajuje užfiksuoti „tvirti rezultatai“, nepaisant 29 proc. nuosmukio, kurį patyrė Argentinos rinkoje.
Despite the impact of its operations in Argentina, in August Codere stated that its adjusted EBITDA estimates for the current year as a whole stand at €290m, thanks to the better evolution than expected in markets such as Mexico and Uruguay, amongst others.
Caption: Carrasco Casino in Uruguay
