ATG CEO: FY22 results success despite “turbulent and troubled year”
Former Swedish trotting monopoly Aktiebolaget Trav och Galopp (ATG) has reported full-year 2022 revenue of SEK6.04bn (£480.9m/€546.5m), a slight decrease of 1.2% compared to 2021, despite a “turbulent and troubled” 2022.
The total revenue consists of net gaming revenue at SEK5.22bn, agency income of SEK234m and other incomes at SEK584bn.
Hasse Lord Skarplöth, CEO of ATG, said that the operator had delivered good results for the period – particularly in terms of sport and casino – regardless of outside challenges.
“I ended last year’s CEO speech by saying “we can look forward to an exciting 2022”,” said Skarplöth. “So, a year later, I can state that I got a little more right than I wanted – but in the wrong way.”
“ATG, during such a turbulent and troubled year, succeeding in increasing the net gaming revenue in both sports and casino by 8% and 49%, respectively, is a well-approved result.”
Specifically, Skarplöth was referring to recovery from the Covid-19 pandemic, the war in Ukra..