Intralot posts revenue growth during 1Q2018

Between January and March, Intralot reported a 4.3 per cent increase in revenue and a 1.9 per cent growth in EBITDA in comparison to 1Q2017.

Greece.- Intralot has revealed a finance report for the first quarter of 2018 and revealed a growth in revenue of 4.3 per cent and 1.9 per cent in EBITDA in comparison to the same period of last year. The Greek company recorded a €280.7 million turnover and its EBITDA reached €42.6 million.

Despite the revenue and EBITDA growth, Intralot’s net debt went up €17.6 million to €528.3 million during the first quarter. However, the firm expects to turn the situation around thanks to the Supreme Court of the US’ decision to revoke PASPA.

“The 2018 Q1 results show stronger sales and continuing growth in developed markets, reflecting increasingly successful market development efforts along with an upgrade of our offering with next-generation products and services for Lotteries digital transformation,” Intralot Group CEO Antonios Kerastaris said and added: “Emphasis remains on growth in markets such as the United States where the recent lift of the federal ban on sports betting creates tremendous business opportunities from the rise of a potential USD 20bn market in annual GGR terms, on top of great prospects in new flagship projects such as the Illinois State Lottery.”