INTRALOT Chairman Sokratis P. Kokkalis noted “INTRALOT’s performance for the 9-month period in 2024 has been impacted by seasonality effects in the United States and FX movements. The company maintains its key metrics of profitability and leverage ratio within the targeted range, while extending existing contracts and participates through tender process in a large number of projects around the world"
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“INTRALOT announces Revenue at €263.5m and EBITDA at €91.5m in 9M24”
November 29th , 2024 INTRALOT SA (RIC: INLr.AT, Bloomberg: INLOT GA), an international gaming solutions and operations leader, announces its financial results for the nine-month period ended September 30 th , 2024, prepared in accordance with IFRS.
OVERVIEW PRESS RELEASE
Group Revenue at €263.5m in 9M24 (-5.9% y-o-y, including the impact of €-12.6m due to the exchange rate movement in Argentina within December 2023), additionally affected by seasonality effects and especially the absence of large jackpots in USA compared to the same period last year.
EBITDA at €91.5m (-9.4% y-o-y) in 9M24. Nevertheless, operating profitability in 3Q24 (€32.0m) is improved compared to 2Q24 (€29.4m) by 8.84%. EBITDA margin reached at 34.7%. EBT in 9M24 shaped at €10.6m and NIATMI (Net Income After Tax and Minority Interest) at €6.5m.
Operating Cash Flow at €81.6m in 9M24. Group CAPEX in 9M24 was €24.7m. Group Cash at the end of 9M24, including restricted cash in accordance with the loan obligations, amounted to €107.4m. Adjusted Net Debt at €326.2m at the end of 9M24, lower by €7.1m and €132.0m vs. Dec-23 and 9M23 respectively. Adjusted Net Leverage ratio at 2.7x in 9M24, down from Net Leverage ratio 3.4x in 9M23.
On September 11, 2024, INTRALOT announced that its subsidiary in Australia, INTRALOT Australia, has signed an extension of its contract with Lotterywest, the state lottery in Western Australia, beyond 2026, for an additional two (2) years and with an option to extend for one (1) more year.
On November 4, 2024, INTRALOT announced that its US subsidiary, INTRALOT Inc., undertook a new project for the British Columbia Lottery Corporation (BCLC) in Canada, for the provision of an online lottery platform. The project also includes the digitalization of the existing landbased network. The solution will be based on the Player X platform, part of the Lotos X ecosystem, and adds to the company's overall partnership with BCLC, which has been extended until 2028.
https://www.intralot.com/files/PR_3Q24_EN.pdf