Chief Financial Officer’s Review
Despite the uncertainty caused by Covid-19 in 2021, the Group has delivered another strong year of growth with Revenue 8% ahead of 2021 and underlying EBITDA of £881.7m, 5% ahead. Our Online business continues to grow double-digit year-on-year with NGR 13% ahead on a constant currency basis and, despite the disruption caused by temporary closures of our Retail estates due to Covid-19, we exit 2021 at over 90% of pre Covid-19 volumes in Retail.
During the year we have also welcomed a number of new acquisitions to the Entain Group including Enlabs, which operates in the Baltic states, Bet.pt in Portugal and Unikrn which represents the Group’s first venture into the esports market.
During the year, the Group also refinanced its US dollar debt, ensuring that sufficient facilities and liquidity remains available for the Group to pursue all of its strategic objectives.
We enter 2022 with good momentum and I am as confident as ever in Entain’s longterm prospects.
Despite the uncertainty caused by Covid-19 in 2021, the Group has continued to show its resilience with Revenue 8% ahead year-on-year.”