Supplier News
Greece – Steady growth for Intralot so far in 2015
By Phil - 27 November 2015
Intralot has grown its revenus by 3.8 per cent to €1,379.8m during the nine-month period ending September 30, from €1,329.5m in the same period of 2014, representing an increase of €50.3m.
On a continuing business basis Revenues (mainly adjusted for Opap, Romania and Victoria contracts) in the first nine months of 2015 were shaped at €1,368.4m, up 7.2 per cent compared to the same period last year. Net of a positive FX impact of €47.0m, revenues reached €1,332.8m, posting an increase of 0.2 per cent. Revenues for the third quarter of 2015 remained relatively unchanged compared to the same period the year earlier at €421.2m.
Intralot CEO, Antonios Kerastaris, noted: “We are pleased with the 3Q results that are in line with our expectations for stable growth of our business. EBITDA grew by six per cent compared to 3Q14, despite the ailing performance of Italy due to extraordinarily high, country specific, payouts, which led the Italian business to contribute marginally to our EBITDA, the weak performance of Azerbaijan, the fall-off of the Romanian contract and the effect of the World Cup last year in both the second and third quarters.
I would like to point out that the majority of our subsidiaries reported strong results coupled with our new contracts in Wyoming, Ohio and Georgia, in the US, thus leading to an increase of our EBITDA on a like for like basis by 15.8 per cent in the nine months of 2015.
During the third Quarter, we continued streamlining our global operations and unfold our selective expansion plans. We renewed our presence in New Mexico, US, for 8 years, where we have an excellent cooperation with the State Lottery since 2006 and signed a new 10 year contract in Nigeria, a very dynamic African market. Our focus on licensed operations remains strong, as we proceed with the integration of Bit8 CRM platform that will be a valuable asset on the B2C front of our business.
Finally, it is important to note that we ratified our commitment to sustainable growth, as we have recently been awarded with the WLA Responsible Gaming certification as a gaming vendor.”
