Intralot delivers in first quarter results

Gaming solutions and operations firm, INTRALOT, hailed strong first quarter results driven by its focus on key markets and diversification in products and services.

Key performance indicators for the 12 week period ending March 31, 2017 include a 20 percent increase in consolidated revenues amounting to Euro 368 million, Euro 6.8 billion of worldwide wagers – a 1.1 percent y-o-y increase, EBITDA amounting to Euro 46.5 million and gross profit up 7.3 percent to Euro 63.2 million.

On a yearly basis, EBITDA margin decreased to 12.6 percent compared to 14.6 percent in Q1/2016, as a result of the product mix change and last year’s customer-friendly Powerball effect while EBT amounted to Euro 18.1 million, up 72.4 percent y-o-y.

Lottery Games are INTRALOT’s largest contributors to the top line, comprising 44.6 percent of revenues, followed by Sports Betting contributing 40.5 percent to Group turnover. Technology contracts accounted for 9.4 percent and VLTs represented 2.8 percent of Group turnover while Racing constituted the 2.7 percent of total revenues for the first quarter of 2017.

INTRALOT Group CEO Antonios Kerastaris noted:

“Robust revenue growth and improved profits registered in 1Q2017 are driven by our strategic decisions to focus on key markets as well as products & services portfolio diversification.

“All the transformational initiatives undertaken over the last two years are depicted both at profit and cash-flow levels, considerably improved from a year ago. With a significantly improved financial structure and operational performance, we are also reaping the fruits of lower debt servicing costs and enhancing our credit grade outlook by rating agencies that boost our confidence going forward.”

Related and similar