⚰️Crisis in 🇦🇷 Argentina! : Codere Loses Millions in 2024. 📉

⚰️Crisis in 🇦🇷 Argentina! : Codere Loses Millions in 2024. 📉

The Codere Group has reported a 10% drop in its second quarter 2024 revenues, reaching EUR 309.3 million. This decrease is attributed to the difficult economic situation in Argentina, which has severely impacted the company`s results. However, the company is seeing signs of recovery, which could lead to a positive turnaround in the second half of the year. 🚀

🔍Key Aspects:

📉 Revenue Drop: Revenues in Argentina fell by 45% in the quarter.
📉 EBITDA Decline: 22.8% less than the previous year.
📉 Partial Recovery: Revenue increase above inflation in recent weeks.
📉 Performance in Spain and iGaming: 39% growth in Codere Online revenues.

💪 Despite the challenges, Codere shows signs of recovery and a focus on recapitalization, which strengthens its market position. The company is preparing for a more solid future in the midst of adversity.

🌟 "Codere rises from the ashes: the future looks bright despite the storm!"

#Codere #EconomicCrisis #Recovery #Betting

Access to DevCode (PIQ), Praxis, Corefy, and other platforms through an integration – @affivc