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Restructuring costs and falling sales weigh on Codere

3rd March 2014 7:18 am GMT

Spanish gaming operator Codere has recorded a 7 per cent fall in 2013 revenues as a result of expenses associated with its ongoing financial restructuring and difficult trading conditions in several of its key markets.

Codere's 2013 group revenue fell by 7 per cent to €1.55bn, with EBITDA down 28.3 per cent year-on-year to €206.1m as a result of lower revenue, higher taxes in Italy, Argentina and Mexico, and non-recurring expenses associated with its restructuring.

The decline [...]

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