INTRALOT Chairman Sokratis P. Kokkalis noted: “Half year results confirm the company’s stable course and maintenance of key financial indicators at desired levels, in spite of FX headwinds and seasonality effects.
CLICK HERE TO READ ENTIRE RELEASE
INTRALOT SA (RIC: INLr.AT, Bloomberg: INLOT GA), an international gaming solutions and operations leader, announces its financial results for the six-month period ended June 30 th, 2024, prepared in accordance with IFRS.
INTRALOT Chairman Sokratis P. Kokkalis noted: “Half year results confirm the company’s stable course and maintenance of key financial indicators at desired levels, in spite of FX headwinds and seasonality effects. Strengthened by the Group’s improved financial position, the company continues to deploy and take live its new advanced lottery engine, Lotos X, and further developing the entire lottery technology ecosystem in developed markets such as Canada. At the same time, we are currently pursuing a large number of promising commercial opportunities in North America and Australia while renewing the trust and cooperation with existing important clients such as in The Netherlands and in Ireland"
Group Revenue at €173.6m in 1H24 (-0.9% y-o-y, including the impact of €-10.3m due to the exchange rate movement in Argentina within December 2023).
EBITDA at €59.5m (-5.3% y-o-y) in 1H24, with EBITDA margin reaching 34.3%.
EBT in 1H24 shaped at €6.1m and NIATMI (Net Income After Tax and Minority Interest) at €4.6m, higher by 4.4% vs. 1H23.
Operating Cash Flow at €45.0m in 1H24. Group CAPEX in 1H24 was €11.7m.
Group Cash at the end of 1H24 at €85.4m.
Adjusted Net Debt at €338.2m at the end of 1H24, lower by €142.3m vs. 1H23.
Adjusted Net Leverage ratio at 2.7x in 1H24. In the respective period last year, Net Leverage ratio shaped at 3.7x.
On June 11, 2024, INTRALOT announced the successful migration of the British Columbia Lottery Corporation’s (BCLC) retail lottery system to its innovative LotosX Omni ecosystem fully deployed on a Cloud technology stack. This achievement signifies a major milestone for INTRALOT in North America, while making BCLC one of the first lotteries in the world to adopt a fully cloud-based lottery system.
On August 26, 2024, INTRALOT S.A. announced the three-year contract extension of its subsidiary in The Netherlands, INTRALOT BENELUX B.V., with Nederlandse Loterij Organisatie B.V. (NLO) to continue providing operations and management services for TOTO retail sportsbook has been activated. TOTO is the sports betting brand of NLO and is operated through a retail network of 4,000 POS. The contract extension is through June 2027.
Also, on August 26, 2024, INTRALOT S.A. announced that its subsidiary in Ireland, INTRALOT Ireland Ltd., has signed a three-year (3) contract extension, through November 2027, with Premier Lotteries Ireland DAC (PLI). This extension allows INTRALOT to continue providing its advanced central gaming system for the operation of the National Lottery of Ireland through a retail network of more than 4,300 INTRALOT terminals, as well as serving mobile and web players.
CLICK HERE TO READ ENTIRE RELEASE
https://www.intralot.com/newsroom/intralot-announces-first-half-2024-financial-results/