Zona de Azar Greece – Intralot Financial Results for the First Semester: Download the Complete Report Here

Greece.- September 4th 2019 www.zonadeazar.com Announcement of Financial Results for the six-month period ended June 30th, 2019. “INTRALOT announces steady y-o-y improvement in the Group’s operating cash flow, as the Company further absorbs business transition impact”

August 30th, 2019

INTRALOT SA an international gaming solutions and operations leader, announces its financial results for the six-month period ended June 30th, 2019, prepared in accordance with IFRS.

Group Revenue at € 378.1m in 1Η19 (-7.6% y-o-y).

  • EBITDA in the six-month period at €58.7m (-15.9% y-o-y), with Adjusted EBITDA at €60.4m (-1.8% y-o-y).
  • Revenue and EBITDA contraction of -0.7% and -4.4% year over year respectively on a constant currency basis.
    EBITDA margins on sales/ GGR at 15.5% (-1.6pps) and 26.9% (-3.9pps), respectively.
  • EBT at €2.0m, while EBT margin developed to 0.5%.
  • NIATMI (Net Income After Tax and Minority Interest) from continuing operations developing at €-27.3m.
    Operating Cash Flow at €49.0m in 1H19, increased by €12.3m compared to last year.
  • Net Debt stood at €652.4m, up €37.1m compared to December 31st 2018, affected also by the application of the IFRS16 standard.
    On June 13th, 2019, INTRALOT Group announced the signing of a new contract with La Marocaine Des Jeux et des Sports (MDJS), the state sports lottery Organization of Morocco. The contract is for an initial 8-year term that can be extended up to another 2 years.
  • In July 2019, INTRALOT successfully completed the delivery and transition to the Lotos X new central system for its historic client OPAP.
  • In July 2019, INTRALOT and OPAP signed a binding MOU for the transfer of the shares held by INTRALOT in Hellenic Lotteries to “OPAP Investment Limited”, for a price of €20.0m.
  • In late July 2019 INTRALOT Group announced the renewal of its existing contract with the Washington DC Lottery, for 5 years with a 5-year extension option, with the addition of sport betting wagering.
  • In July 2019, Gamenet announced €78.8m EBITDA for 1H2019, an 80.5% increase compared to 1H2018.
  • In August 2019, INTRALOT Inc. has renewed its credit facility with Bank of America extending it to US$40.0m.

Download it here: INTRALOT Group Announcement of Financial Results

Edited by: @MaiaDigital www.zonadeazar.com

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