Intralot revenues up 17%
Lottery provider records 1bn consolidated revenues for nine months ending 30 September.
Intralot has continued to show impressive growth with results for the nine-month period ending 30 September showing a 16.9% year-on-year increase in consolidated revenues.
The rise saw the Greek lottery and gaming service provider post 1bn in consolidated revenues, while earnings before interest, taxes, depreciation, and amortisation (EBITDA) reached 117m, a 4.3% increase.
Cash flow for the nine months was up 39% year-on-year, and net debt reached 402.5m, mainly due to capital expenditure to renew its Malta gaming licence.
Parent company Intralot S.A. saw its revenues for the period rise 6.8% to 101.8m, with EBITDA increasing 33% to 25.3m.
Intralot Group chief executive Constantinos Antonopoulos said: “In the first nine-month period of 2012, Intralot reported continued growth of its revenues and EBITDA, despite unfavorable game results that took place in Q3 2012 in the sports betting sector and affected our global operations.
“Moreover, cash flow from operations grew by an impressive 40% in the nine months in 2012, denoting our commitment to improving our cash flow generation,” he added.
Earlier this month, Intralot announced the launch of new social gaming content on Facebook in partnership with games publisher Lazyland.
An Intralot consortium is one of eight candidates to express an interest in acquiring the Greek government’s 33% stake in gaming monopoly OPAP.