Intralot improves in H1-2017

Intralot management has characterised the first half results of the company as a turning point in their report on the year to June 30 2017, highlighting revenues up 15.1 percent at Euro 733.2 million, and gross profit up 6.5 percent year-on-year at Euro 127 million.

EBITDA came in at Euro 92.2 million – a 2.6 percent y-o-y increase, albeit at a lower margin oif 12.6 percent. Pre-tax earnings were rose 31 percent at Euro 26.6 million.

The company reported that net debt in H1 is Euro 21,6 million greater at Euro 516.8 million following the Eurobet acquisition and software investments.

CEO Antonios Kerastaris said the positive results represent a turning point in the company’s development and financial performance, adding:

“Continued double-digit revenue growth and profitability improvements are directly linked to reforms implemented in the previous year and more specifically to our M&A and partnership strategy.

“The company’s ability to renew in a competitive market such as the United States, on top of its historical renewal track record, creates fresh confidence for the extension of all contracts maturing in the next year.”

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