Announcement • 20h
Codere Online Luxembourg, S.A. Reiterates Earnings Guidance for the Year 2026 Codere Online Luxembourg, S.A. reiterated earnings guidance for the year 2026. For the year, the company expects net gaming revenue of €235 million - €245 million. New Risk • May 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.6% Last year net profit margin: 1.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • May 01
Full year 2025 earnings released: EPS: €0.03 (vs €0.086 in FY 2024) Full year 2025 results: EPS: €0.03 (down from €0.086 in FY 2024). Revenue: €210.4m (up 4.8% from FY 2024). Net income: €1.29m (down 67% from FY 2024). Profit margin: 0.6% (down from 1.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 131% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Announcement • Apr 30
Codere Online Luxembourg, S.A. to Report Q1, 2026 Results on May 07, 2026 Codere Online Luxembourg, S.A. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 07, 2026 Announcement • Feb 10
Codere Online Luxembourg, S.A. to Report Q4, 2025 Results on Feb 26, 2026 Codere Online Luxembourg, S.A. announced that they will report Q4, 2025 results Pre-Market on Feb 26, 2026 Reported Earnings • Dec 24
First half 2025 earnings released: €0.069 loss per share (vs €0.006 loss in 1H 2024) First half 2025 results: €0.069 loss per share (further deteriorated from €0.006 loss in 1H 2024). Revenue: €105.3m (up 3.2% from 1H 2024). Net loss: €3.15m (loss widened €2.90m from 1H 2024). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 136% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Announcement • Dec 09
Codere Online Luxembourg, S.A. Appoints Gaetan Dumont to the Board of Directors, Effective December 9, 2025 Codere Online Luxembourg, S.A. held an extraordinary shareholders' meeting on December 9, 2025, with a single resolution to appoint with immediate effect Mr. Gaetan Dumont to the Board of Directors. The resolution submitted to the Company's shareholders at the above meeting was duly approved. Board Change • Dec 08
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Laurent Teitgen was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$6.27, the stock trades at a trailing P/E ratio of 63.5x. Average forward P/E is 17x in the Hospitality industry in the US. Total returns to shareholders of 131% over the past three years. Announcement • Nov 19
Codere Online Luxembourg, S.A. Reiterates Earnings Guidance for the Year 2025 Codere Online Luxembourg, S.A. reiterated earnings guidance for the year 2025. For the year, the company expects net gaming revenue of €220 million - €230 million. Announcement • Nov 18
Codere Online Announces Executive Changes, Effective November 17, 2025 Codere Online announced that Marcus Arildsson has been appointed Chief Financial Officer, effective November 17, 2025. Mr. Arildsson will succeed Oscar Iglesias, who, as part of the previously announced transition, will assist with an orderly handover and is expected to join the Company’s Board of Directors, subject to the approval of shareholders at an Extraordinary General Meeting scheduled for December 1st. Mr. Arildsson is a senior finance executive with over 25 years of international experience across investment banking, equity markets and corporate finance. He began his career at Lehman Brothers and Merrill Lynch in London, executing over €9 billion in cross-border M&A, IPO, and equity-linked transactions. He later spent 12 years at Arcano Partners in Madrid, advising corporates and financial sponsors on more than €5 billion in M&A, debt and equity transactions. He has since held CFO and executive committee roles at Millenium Hospitality Real Estate, a listed REIT with a €700 million portfolio, Sonae Sierra and Ladorian, a retail media technology company. Mr. Arildsson holds an MBA from Northwestern University’s Kellogg School of Management and a BBA from James Madison University. He is fluent in English, Spanish and Swedish. Announcement • Sep 03
Oscar Iglesias to Step Down as CFO of Codere Online Luxembourg, S.A., Effective Upon the Earlier of the Completion of an Orderly Transition to His Successor or December 31, 2025 On August 28, 2025, Oscar Iglesias, the Chief Financial Officer of Codere Online Luxembourg, S.A., notified the Company of his decision to step down from his role at the Company for personal reasons, effective upon the earlier of the completion of an orderly transition to his successor or December 31, 2025. Mr. Iglesias’ decision to step down from his role at the Company is voluntary and not due to any disagreement with the Company, the Board, or management on any matter relating to the Company’s operations, policies or practices. Board Change • Aug 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Executive Vice Chairman of the Board Moshe Edree is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jul 31
Codere Online Luxembourg, S.A. Reiterates Its Earnings Outlook for the Year 2025 Codere Online Luxembourg, S.A. reiterated its earnings outlook for the year 2025. For the year, the company expects net gaming revenue of €220-230 million. Announcement • Jul 10
Codere Online Luxembourg, S.A. to Report Q2, 2025 Results on Jul 31, 2025 Codere Online Luxembourg, S.A. announced that they will report Q2, 2025 results on Jul 31, 2025 Announcement • Jul 02
Codere Online Luxembourg, S.A. Announces Board Changes T In the Board of Directors meeting held earlier this month ahead of the AGM of Codere Online Luxembourg, S.A., A.G. Burnett was appointed as Chairman of the Compliance Committee, effective July 1, 2025. Rafael Catalá and Yaiza Rodríguez will continue to serve as members. Mr. Burnett brings over 20 years of experience in gaming regulation and law, including his service as Chairman and Executive Director of the Nevada Gaming Control Board (“GCB”) from 2012 to 2017. Prior to that, he served as a Board Member and Deputy Chief of the GCB’s Corporate Securities Division, as well as Senior Deputy Attorney General representing the GCB and the Nevada Gaming Commission. Mr. Burnett is a recognized professional in gaming law, regulatory compliance, enforcement, legislative affairs, AML, and sports betting law and regulation. He currently serves as a Partner at McDonald Carano, where he advises gaming clients on a wide range of regulatory and compliance matters. A graduate of Gonzaga University School of Law, Mr. Burnett holds leadership and advisory roles with several industry groups, including the International Association of Gaming Advisors, the International Masters of Gaming Law, and the UNLV’s Boyd School of Law Gaming Law Advisory Board. Mr. Burnett succeeds Mark Dunn as chairman of the Compliance Committee. Announcement • Jun 10
Codere Online Luxembourg, S.A., Annual General Meeting, Jun 30, 2025 Codere Online Luxembourg, S.A., Annual General Meeting, Jun 30, 2025. Announcement • May 16
Codere Online Luxembourg, S.A. Announces Earnings Guidance for the Year 2025 Codere Online Luxembourg, S.A. announced earnings guidance for the year 2025. For the year, the company reiterated net gaming revenue of EUR 220- EUR 230 million. Announcement • Feb 21
Codere Online Luxembourg, S.A. Provides Earnings Guidance for the Full Year 2025 Codere Online Luxembourg, S.A. provided earnings guidance for the full year 2025, For the year, the company expects net gaming revenue of €220 million to €230 million. Announcement • Feb 20
Codere Online Luxembourg, S.A. (NasdaqCM:CDRO) announces an Equity Buyback for $5 million worth of its shares. Codere Online Luxembourg, S.A. (NasdaqCM:CDRO) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its shares. The program is subject to shareholder approval at the general meeting convened on March 3, 2025. The program will run over a period of one year. Announcement • Feb 13
Codere Online Luxembourg, S.A. to Report Q4, 2024 Results on Feb 20, 2025 Codere Online Luxembourg, S.A. announced that they will report Q4, 2024 results on Feb 20, 2025 Announcement • Dec 14
Codere Online Luxembourg, S.A. Announces Executive Changes On December 12, 2024, the Board of Directors of Codere Online Luxembourg, S.A. appointed Laurent Teitgen as a member of both the Board and the Audit Committee of the Board, effective immediately. Mr. Teitgen previously served as a member of the Board from November 2021 to June 2024 and brings further experience in the online gaming sector from NeoGames S.A., where he served as a member of both its board of directors and audit committee from April 2017 to April 2024. Mr. Teitgen holds a B.A. in Accounting and Financial Management with a specialization in Accounting Review from Université de Lorraine, IUT Henri Poincaré, France. Mr. Teitgen will fill one of the vacancies created by Taavi Davies and Claude Noesen, who resigned from their position as members of the Board on December 9, 2024. Messrs. Davies and Noesen’s resignations were not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Announcement • Nov 27
Codere Online Luxembourg, S.A. Provides Net Gaming Revenue Guidance for the Full Year 2024 Codere Online Luxembourg, S.A. provided net gaming revenue guidance for the full year 2024. Company expects to finish the year in the upper part of full year 2024 net gaming revenue outlook of €205 - 215 mm. Announcement • Nov 22
Codere Online Luxembourg, S.A. to Report Q3, 2024 Results on Nov 27, 2024 Codere Online Luxembourg, S.A. announced that they will report Q3, 2024 results on Nov 27, 2024 Price Target Changed • Aug 01
Price target increased by 10% to US$11.00 Up from US$10.00, the current price target is an average from 3 analysts. New target price is 34% above last closing price of US$8.20. Stock is up 150% over the past year. The company posted a net loss per share of €1.03 last year. Board Change • Aug 01
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Executive Vice Chairman of the Board Moshe Edree is the most experienced director on the board, commencing their role in 2022. Independent Director Daniel Valdez-Franco was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jul 31
Codere Online Luxembourg, S.A. Increases Net Gaming Revenue Guidance for the Full Year 2024 Codere Online Luxembourg, S.A. increased net gaming revenue guidance for the full year 2024. for the year, the company increased net gaming revenue outlook to €205 million- €215 million. Announcement • Jul 17
Codere Online Luxembourg, S.A. to Report Q2, 2024 Results on Jul 31, 2024 Codere Online Luxembourg, S.A. announced that they will report Q2, 2024 results Pre-Market on Jul 31, 2024 Announcement • Jul 02
Codere Online Announces Changes to its Board of Directors Codere Online have been appointed as directors for an initial term of one year, replacing Patrick Ramsey, Michal Elimelech, and Laurent Teitgen. Changes to Board Committees, In the Board of Directors meeting held last week ahead of the AGM, the following changes to the Company's Committees were approved: Audit Committee - Appointment of Claude Noesen as member. Borja Fernandez and Daniel Valdez will continue to serve as Chairman and member, respectively. Compliance Committee - Appointment of Mark Dunn as Chairman and Taavi Davies as member. Rafael Catala and Yaiza Rodriguez will continue to serve as members. Announcement • Jun 26
Codere Online Announces Board Changes Codere Online announced the favorable resolution of all 21 agenda items at the Annual General Meeting held at the registered office of the Company, including the appointment of three new members to its Board of Directors. Mr. Gabriel Saenz de Buruaga, Mr. Taavi Davies and Mr. Claude Noesen have been appointed as directors for an initial term of one year, replacing Mr. Patrick Ramsey, Ms. Michal Elimelech, and Mr. Laurent Teitgen. In the Board of Directors meeting held last week ahead of the AGM, the following changes to the Company’s Committees were approved: Audit Committee - Appointment of Mr. Claude Noesen as member. Mr. Borja Fernández and Mr. Daniel Valdez will continue to serve as Chairman and member, respectively. Compliance Committee – Appointment of Mr. Mark Dunn as Chairman and Mr. Taavi Davies as member. Mr. Rafael Catalá and Ms. Yaiza Rodríguez will continue to serve as members. Announcement • May 12
Codere Online Luxembourg, S.A. to Report Q1, 2024 Results on May 15, 2024 Codere Online Luxembourg, S.A. announced that they will report Q1, 2024 results Pre-Market on May 15, 2024 Announcement • May 03
Codere Online Luxembourg, S.A. announced delayed 20-F filing On 05/01/2024, Codere Online Luxembourg, S.A. announced that they will be unable to file their next 20-F by the deadline required by the SEC. New Risk • Apr 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Board Change • Mar 15
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Chairman Pat Ramsey was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Mar 03
Price target increased by 13% to US$8.50 Up from US$7.50, the current price target is an average from 2 analysts. New target price is 21% above last closing price of US$7.00. Stock is up 154% over the past year. The company posted a net loss per share of €1.03 last year. Announcement • Feb 15
Codere Online Luxembourg, S.A. to Report Q4, 2023 Results on Feb 29, 2024 Codere Online Luxembourg, S.A. announced that they will report Q4, 2023 results on Feb 29, 2024 Reported Earnings • Nov 19
First half 2023 earnings released: €0.007 loss per share (vs €0.37 loss in 1H 2022) First half 2023 results: €0.007 loss per share (improved from €0.37 loss in 1H 2022). Revenue: €74.6m (up 46% from 1H 2022). Net loss: €305.0k (loss narrowed 98% from 1H 2022). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Hospitality industry in the US. Announcement • Nov 17
Codere Online Luxembourg, S.A. Increases Earnings Guidance for 2023 Codere Online Luxembourg, S.A. increased earnings guidance for 2023. For the year, the company increased net gaming revenue outlook to €155 million -165 million. New Risk • Nov 17
New major risk - Revenue and earnings growth Earnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€33m free cash flow). Earnings have declined by 25% per year over the past 5 years. Announcement • Nov 04
Codere Online Luxembourg, S.A. to Report Q3, 2023 Results on Nov 15, 2023 Codere Online Luxembourg, S.A. announced that they will report Q3, 2023 results Pre-Market on Nov 15, 2023 Announcement • Aug 26
Codere Online Luxembourg, S.A. to Report Q2, 2023 Results on Aug 31, 2023 Codere Online Luxembourg, S.A. announced that they will report Q2, 2023 results on Aug 31, 2023 Announcement • Jun 23
Codere Online Luxembourg, S.A. Approves Board Changes Codere Online approved the appointment of Michal Elimelech as a new member of the Board of Directors. Ms. Elimelech will be replacing Oscar Iglesias as one of four directors nominated by Codere Newco S.A. The Board extends its sincere appreciation to Mr. Iglesias for his valuable contribution and dedication during his tenure as Board member and looks forward to continue working with him in his current executive role as CFO of Codere Online. Michal Elimelech, a seasoned executive with an extensive background in the gaming industry, joins as the newest Board member. Ms. Elimelech brings an over 15 year track record at 888 Holdings, including key VP positions such as Head of US Marketing, Head of Bingo, and Head of Developed Markets EMEA, where she had full P&L responsibility across Europe, including Germany, the UK and Scandinavian markets. She most recently served as COO of Passiflora and CMO of Space Ape Games. During her time at 888 Holdings, Ms. Elimelech played an instrumental role in the company’s successful expansion into the highly regulated US market, navigating complex environments, driving customer acquisition through multiple channels and leading full scale customer conversion and retention activities through a dedicated CRM team. In the Board of Directors meeting that preceded the AGM, the following changes were approved: Appointment of Borja Fernández as Chairman of the Audit Committee (previously a non-voting observer), replacing Dr. Martin M. Werner, who will remain a member of said committee. Establishment of the Compliance Committee as a formal Board committee (previously an advisory one), with the following composition: Mr. Patrick Ramsey – as member and Chairman, Ms. Michal Elimelech – as member, Mr. Rafael Catalá – as member, Mr. Mark Dunn – as member, Ms. Yaiza Rodríguez – as member. Announcement • May 20
Codere Online Luxembourg, S.A., Annual General Meeting, Jun 22, 2023 Codere Online Luxembourg, S.A., Annual General Meeting, Jun 22, 2023, at 15:00 Central European Standard Time. Location: 7, rue Robert Stümper L-2557 Luxembourg R.C.S. Luxembourg: B 255798 Grand Duch Of Luxembourg Luxembourg Agenda: To consider Presentation of the report of the statutory auditor of the Company on the statutory annual accounts of the Company for the financial year of the Company starting on 1 January 2022 and ending on 31 December 2022; to consider presentation and approval of the statutory annual accounts of the Company for the financial year ended 31 December 2022; to consider discharge to be granted to the statutory auditor of the Company, Mr. Michel Lecoq, in respect of the performance of his duties during the financial year ended 31 December 2022; to consider discharge to be granted to Mr. Patrick Joseph Ramsey in respect of the performance of his duties as member of the Board of Directors during the financial year ended 31 December 2022; and to transact other business. Reported Earnings • May 01
Full year 2022 earnings released: €1.03 loss per share (vs €10.18 loss in FY 2021) Full year 2022 results: €1.03 loss per share (improved from €10.18 loss in FY 2021). Revenue: €115.7m (up 44% from FY 2021). Net loss: €46.4m (loss narrowed 32% from FY 2021). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Hospitality industry in the US. Price Target Changed • Mar 12
Price target decreased by 10.0% to US$7.50 Down from US$8.33, the current price target is an average from 2 analysts. New target price is 184% above last closing price of US$2.64. Stock is down 47% over the past year. The company posted a net loss per share of €10.18 last year. Announcement • Feb 11
Codere Online Luxembourg, S.A. to Report Q4, 2022 Results on Feb 28, 2023 Codere Online Luxembourg, S.A. announced that they will report Q4, 2022 results on Feb 28, 2023 Announcement • Nov 17
Codere Online Luxembourg, S.A. Provides Revenue Guidance for the Fiscal Year 2022 Codere Online Luxembourg, S.A. provided revenue guidance for the fiscal year 2022. for the year, the company expects net gamming revenue of €115 million - €120 million. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Director Laurent Teitgen is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Oct 27
Codere Online Luxembourg, S.A. to Report Q3, 2022 Results on Nov 16, 2022 Codere Online Luxembourg, S.A. announced that they will report Q3, 2022 results Pre-Market on Nov 16, 2022 Announcement • Oct 22
Codere Online Announces Resignation of Alejandro Rodino as Member of the Board and Non-Voting Observer of Its Audit Committee, Effective November 30, 2022 Codere Online announced that Alejandro Rodino, who has served in its Board of Directors since the consummation of the business combination between Codere Online1 and DD32 on November 30, 2022, has resigned as Director of the Company and been replaced by Borja Fernández. Mr. Rodino was one of four Directors appointed by Codere Newco S.A. and in which he recently increased his responsibilities after becoming Co-CEO of Codere Group. In its Board of Directors meeting held yesterday, Codere Online acknowledged Mr. Rodino’s resignation as member of the Board and non-voting observer of its Audit Committee. Reported Earnings • Oct 01
First half 2022 earnings released: EPS: €0 (vs €222 loss in 1H 2021) First half 2022 results: EPS: €0. Revenue: €51.3m (up 28% from 1H 2021). Net loss: €16.8m (loss widened 26% from 1H 2021). Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Hospitality industry in the US. Announcement • Aug 23
Codere Online Luxembourg, S.A. to Report Q2, 2022 Results on Sep 01, 2022 Codere Online Luxembourg, S.A. announced that they will report Q2, 2022 results at 9:30 AM, US Eastern Standard Time on Sep 01, 2022 Announcement • Jun 23
Codere Online Luxembourg, S.A., Annual General Meeting, Jun 30, 2022 Codere Online Luxembourg, S.A., Annual General Meeting, Jun 30, 2022, at 17:00 Central European Standard Time. Agenda: To consider the presentation of the report of the statutory auditor (commissaire aux comptes) of the Company on the statutory annual accounts of the Company for the first financial year of the Company starting on 4 June 2021 and ending on 31 December 2021; to consider the presentation and approval of the statutory annual accounts of the Company for the financial year ended 31 December 2021; to consider the allocation of the financial results in relation to the financial year ended 31 December 2021; to consider the appointment of Board of Directors ; and to consider the other matters. Reported Earnings • May 01
Full year 2021 earnings released: €10.18 loss per share (vs €271 loss in FY 2020) Full year 2021 results: €10.18 loss per share. Revenue: €80.3m (up 14% from FY 2020). Net loss: €68.1m (loss widened 318% from FY 2020). Over the next year, revenue is forecast to grow 42%, compared to a 106% growth forecast for the restaurants industry in the US. Price Target Changed • Apr 27
Price target decreased to US$8.67 Down from US$11.67, the current price target is an average from 3 analysts. New target price is 88% above last closing price of US$4.61. Stock is down 54% over the past year. The company posted a net loss per share of €271 last year. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Chairman Pat Ramsey was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 01
Codere Online Luxembourg, S.A. Provides Revenue Guidance for the Year 2022 Codere Online Luxembourg, S.A. provided revenue guidance for the year 2022. Total net gaming revenue outlook for 2022 of between €110 and €120 mm, which represents approximately a 38% increase versus 2021. Announcement • Feb 17
Codere Online Luxembourg, S.A., Annual General Meeting, Mar 03, 2022 Codere Online Luxembourg, S.A., Annual General Meeting, Mar 03, 2022, at 17:00 Central European Standard Time. Agenda: To consider approval of the creation, the set-up and the terms and conditions of a long-term incentive plan for the Company. Board Change • Jan 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Chairman Pat Ramsey was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 
