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Codere shares hit 52-week low as Argentina woes weigh on Q3 results

14th November 2018 7:01 am GMT

Spanish gaming operator Codere has posted a net loss of €21.0m for the third quarter of 2018, with results negatively impacted by the devaluation of the Argentine peso and inflation adjustments costs.

Revenue decreased by 11 per cent compared to the same period last year to €356.3m, with a decline in Latin America offsetting growth in Europe.

Q3 2018 Revenue Comparison (€)

Revenue from Argentina fell by 35 per cent to €92.2m in Q3, with results impacted by [...]

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