Published: May 31, 2024

INTRALOT announces Revenue at €85.1m and EBITDA at €30.1m in 1Q24 + Conference call invitation


INTRALOT SA (RIC: INLr.AT, Bloomberg: INLOT GA), an international gaming solutions and
operations leader, announces its financial results for the three-month period ended March 31st, 2024, prepared in accordance with IFRS.

Group Revenue at €85.1m in 1Q24 (-4.8% y-o-y, including the impact of €-6.7m due to the exchange rate movement in Argentina within December 2023).
EBITDA at €30.1m (-10.7% y-o-y) in 1Q24, while EBITDA margin remained at 35.4%, at the same levels with 35.6% on 31.12.23.
EBT in 1Q24 shaped at €5.4m and NIATMI (Net Income After Tax and Minority Interest) at €3.9m.
Operating Cash Flow at €27.1m in 1Q24.
Group CAPEX in 1Q24 was €6.8m.
Group Cash at the end of 1Q24 at €190.1m, higher by €78.2m vs. Dec-23.
Adjusted Net Debt at €329.5m at the end of 1Q24, lower by €3.7m vs. Dec-23 and €142.1m vs. 1Q23.
Adjusted Net Leverage ratio at 2.6x in 1Q24. In the respective period last year, Net Leverage ratio shaped at 3.6x.
On April 9, 2024, INTRALOT CAPITAL LUXEMBOURG SA completed the early full redemption of €99,568,000 in principal amount, plus accrued interest, of the 5.250% Notes due September
On 26.05.2024, the new central system LOTOS X went live at British Columbia Lottery (BCLC) in Canada.
Following the review of the ATHEX Index Series, INTRALOT's share will be included in the Composite Price Index of the Athens Stock Exchange as of 25.06.2024.

INTRALOT Chairman Sokratis P. Kokkalis noted:

1 OPEX line presented excludes the capital structure optimization expenses.

2 The Group defines “EBITDA” as “Operating Profit/(Loss) before tax” adjusted for the figures “Profit/(loss) from equity method consolidations”, “Profit/(loss) to net monetary position”, “Exchange Differences”, “Interest and related income”, “Interest and similar expenses”, “Income/(expenses) from participations and investments”, “Write-off and impairment loss of assets”, “Gain/(loss) from assets disposal”, “Reorganization costs” and “Assets’ depreciation and amortization”.

3 Net Debt (Adjusted) is defined as Net Debt excluding the impact from Restricted cash related to financing activities and Debt repayments.
“During 1Q24, the Group completed the refinancing of the 2024 Bonds through the issuance of a Bond traded on the ASE and a Syndicated Loan with five Greek banks, on more favorable terms than
those in the international markets.

At the same time, the 1Q results confirm the stable course of the company and the consolidation of key financial indicators at the desired levels, while the company
continues to pursue several important projects in North America, Australia and Brazil"

Sokratis Kokkalis, Chairman, Nikolaos Nikolakopoulos, Group CEO, Chrysostomos Sfatos, Deputy Group CEO,
Andreas Chrysos, Group CFO, Vasileios Vasdaris, Group Tax & Accounting Director, Antonis Skiadas, Group
Finance, Controlling & Budgeting Director and Michail Tsagalakis, Capital Markets Director, will address INTRALOT’s analysts and institutional investors to present the Company’s First Quarter 2024 results, as well as to discuss the latest developments at the Company.
The financial results will be released on the ATHEX website ( and will be posted on the company’s website ( on Friday, May 31st, 2024 (before the opening of the ATHEX trading session).
AGENDA: Brief Presentation - Question and Answer Session

Date: Friday, May 31st , 2024

Time: Greek time 17:00 - UK time 15:00 - CET 16:00 - USA time 10:00 (East Coast Line)

Conference Phone GR + 30 211 180 2000
Conference Phone GR + 30 213 009 6000
Conference Phone GB + 44 (0) 203 059 5872
Conference Phone GB + 44 (0) 800 368 1063
Conference Phone US + 1 516 447 5632

We recommend that you call any of the above numbers 5 to 10 minutes before the conference call is scheduled to start.


The conference call will be available via webcast in real time over the Internet and you may join by linking at the internet site:

There will be a digital playback on May 31st, 2024, at 19:00 (GR Time).
This Service will be available until the end of the business day June 11th, 2024.
Please dial the following numbers and the PIN CODE: 059 # from a touch-tone telephone
Digital Playback UK: + 44 (0) 203 059 5874
Digital Playback US: + 1 631 257 0626
Digital Playback GR: + 30 210 946 0929
In case you need further information, please contact Intralot, Mr. Antonis Mandilas, at the telephone number:
+30 213 0397000 or Chorus Call Hellas S.A., our Teleconferencing Services Provider, Tel. +30 210 9427300.

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