{"id":8019,"date":"2022-05-27T01:24:21","date_gmt":"2022-05-27T08:24:21","guid":{"rendered":"https:\/\/wagers.com\/staging\/4285\/?p=8019"},"modified":"2022-06-02T02:05:17","modified_gmt":"2022-06-02T09:05:17","slug":"super-group-guidance-change-prompts-even-more-questions","status":"publish","type":"post","link":"https:\/\/wagers.com\/staging\/4285\/news\/super-group-guidance-change-prompts-even-more-questions\/","title":{"rendered":"Super Group guidance change prompts even more questions"},"content":{"rendered":"

It\u2019s fair to say the markets\u2019 reaction to Super Group\u2019s announcement that it would be \u201ctough to meet or exceed 2022 revenue guidance\u201d was bad.<\/span><\/p>\n

Its shares were down 27% on the day and listening to the investor call, it was clear there was surprise and, even, a tinge of anger in some of the questions the analysts asked of the group\u2019s senior management.\u00a0<\/span><\/p>\n

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The company said regulatory changes in Germany, Austria and the Netherlands had led to a \u20ac4m drop in Q1 revenues and this was why it was reviewing its full-year guidance.\u00a0<\/span><\/p>\n

A quick rundown of its corporate timeline however shows that the parent company of the Betway betting and Spin casino brands has gone from listing in February, to forecasting full year revenues of $1.4bn and EBITDA of $354m in April, to rowing back on those numbers barely six weeks later. <\/em>\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p><\/blockquote>\n

As Wagers.com Earnings +More<\/a> reported on Wednesday, asked what had changed and if there would be “a little miss on 2022 revenues or a big step down”, it said hold levels in March were hit by unfavorable results and “it can take a while to catch up”. It said it would update the markets when it reports second quarter results in August.<\/span><\/p>\n