Intralot sees earnings rise in 2017
Intralot saw a 5.5% rise in earnings during 2017 thanks to improvements in its operating performance.
The Athens-based gaming company said EBITDA was at €171.5m (€210m) for the 12-month period, with that figure up more than 14% at a constant exchange rate.
Group revenue increased by around 11% to just over €1.1bn.
The EBITDA margin on sales was negatively impacted by a decrease in miscellaneous income compared to last year, showing a decrease of 15.5% compared to 16.4% in 2016.
NIATMI (net profit after taxes and minority interest) from continuing operations in 2017 stood at a loss of €58.6m compared with a loss of €74.2m in the prior period.
Intralot managing director Antonios Kerastaris said: "Our performance in the financial year 2017 reflects progress in all of Intralot's main strategic goals towards a stable and predictable future for our company.”
During the year Intralot renewed contracts with five US state lotteries and signed a new technology contract with Camelot for Illinois State Lottery.
Kerastaris added: “We have successfully continued the geographical redefinition of the gravity of our interest by investing in developing and focusing on developed markets.
“In Greece, we have renewed our partnership with our oldest customer, OPAP, for all the numerical games.
“Finally, we have made major investments in the development of new products such as the new betting platform, unified for all distribution channels and the completion of the takeover of Bit8, the company that developed our PULSE customer management suite.”
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