Intralot revenue plunges 8% in 2019

During the full year 2019, Intralot revenue went down 8% to €720.6 million, the company reported.

Greece.- Intralot released its latest yearly report and revealed its revenue for 2019 went down 8%. The group raked €720.6 million, down from last year’s €784.4 million.

Moreover, the company also revealed adjusted EBITDA reached €68.7m, down 21%. GGR also dropped by 6% to €409.1 million, while its net debt was down to €594.1 million (5%).

Its best performing segment was lottery, as it represented 44% of total revenue for Intralot.

“2019 has been a transition year for INTRALOT. I have set the cornerstones of the transformation of the Group by implementing a restructuring of our project portfolio through divestments of non-core assets; renewing existing contracts and winning new business with a focus in North America; launching our new products; and optimizing our cost structure,” Intralot Chairman Sokratis P Kokkalis said.

Morover, INTRALOT Group CEO Christos K. Dimitriadis added: “We are prepared to capitalize on our recent investments in building state-of-the-art products and in achieving economies of scale. The transformative power of our technology will play a key role in business innovation and value creation, together with an even more customer-centric new organizational structure.”