Intralot shares FY 2016 results

Intralot’s revenue and EBITDA positive results show the company’s growth during the activities in the fiscal year (FY) 2016.

Greece.- Intralot, the major gaming operator worldwide, has shared the complete report on the fiscal year (FY) 2016. The company’s profits grew during this perioid, which ende don Dec. 31, 2016. Intralot’s revenue increased 7.1 percent, whilst the operator’s EBITDA grew 6.6 percent throughout the 12 months.

The company’s statement also reveals that Group revenues increased by 7.5 percent during the fourth quarter in 2016, whereas the same period reported an EBITDA’s growth of 18.6 percent. Furthermore, EBITDA margin at the fourth quarter was shaped at 14.1 percent (+1.3pps vs. LY), while on a yearly basis remained steady at 13.3 percent.

“In September, INTRALOT concluded the refinancing of its 325.0 million euros Senior Notes, due in 2018, with a 250 million euros bond due in 2021,” added the report. “Simultaneously, the Group refinanced its 200 million euros revolving credit facility up until 2019, increasing committed lines by 25 million euros.”

Intralot has also expanded to Peru, Italy and Bulgaria last year. Meanwhile, Numerical Games proved to be the largest contributors to the company’s top line, comprising 41.9 percent of its revenues. The list is followed by the sports betting sector, which generated 41.6 percent to Group turnover. Technology contracts accounted for 10.9 percent and VLTs/AWPs represented 3.0 percent of Group turnover while Racing constituted the 2.6 percent of total revenues for the Fiscal Year 2016.

INTRALOT systems handled 23.4 billion euros of worldwide wagers (from continuing operations), a 1.0 percent year-to-year increase. Africa’s wagers increased by 23.6 percent, North America’s wagers increased by 8.4 percent, East Europe’s by 1.7 percent, and West Europe’s by 0.4 percent, whilst South American wagers decreased by 7.2 percent, and Asia’s wagers decreased by 4.1 percent.