INTRALOT announces 9M18 financial results
The company released its latest report detailing its financial results for the first nine months of 2018.
US.- INTRALOT SA, an international gaming solutions and operations leader, has announced its financial results for the nine-month period ended September 30, prepared in accordance with IFRS.
The company revealed that revenue and EBITDA increased 10.3% and 9.3% year-over-year respectively on a constant currency basis. Group revenues stand at similar levels in the nine-month period in 2018 when compared to 2018. EBITDA is also lower by 6.6% year-over-year.
During the nine-month period ended September 30, INTRALOT systems handled €15 billion of worldwide wagers (from continuing operations), a 3.2% year-over-year decrease. Africa’s wagers increased by 17.6% (driven by Morocco’s performance), East Europe’s by 8.0% (affected by the TRY currency devaluation), South America’s by 4.9% (affected by the Argentinean Peso movement), West Europe’s by 4.8%, North America’s by 2.1% (FX driven), and Asia’s by 2.0%.
Sports Betting was the largest contributor to the company’s top line, comprising 57.8% of revenues (posting a 6.8% revenue growth, year over year), followed by Lottery Games contributing 30.5% to Group turnover. Technology contracts accounted for 6.2% and VLTs represented 2.8% of Group turnover while Racing constituted the 2.7% of total revenues of 9M18.
“INTRALOT has successfully won new projects in the past two months such as Lotto Hamburg and the Croatian Lottery as well as extended its New Mexico contract in the US; in the latter case including approval for a new sports prognostics game, available through the entire retail footprint of the lottery,” said INTRALOT Group CEO Antonios Kerastaris.
“All these projects will apply new technological solutions developed by INTRALOT, reflecting the positive prospects created by our significant investments in the last two years. We are also looking forward to the commencement of our operations in Illinois, a project that has heavily impacted our financials in 9M18. Such developments confirm our positive outlook after the current transition year according to our business plan,” he added.
