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INTRALOT Group ANNOUNCEMENT OF FINANCIAL RESULTS
for the three month period ended March 31
“INTRALOT announces y-o-y Revenue (+4.3%) and EBITDA (+1.9%) growth for 1Q18”
May 31st, 2018
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, 2018, prepared in accordance with IFRS.
OVERVIEW
- Revenue and EBITDA growth of +12.7% and +15.6% year over year respectively on a constant currency basis.
- Group Revenues increased by 4.3% in 1Q18, compared to 1Q17.
- EBITDA in the three-month period grew by 1.9% year over year.
- EBITDA margins on sales and on GGR both contracted by 0.3pps (at 15.2%) and 0.2pps (at 30.1%), respectively.
- EBT margin developed to 4.7% (-0.5pps vs. 1Q17).
- NIATMI (Net Income After Tax and Minority Interest) from continuing operations remained relatively stable vs. last year, developing to €-6.0m from €-6.1m.
- Operating Cash Flow in 1Q18 below last year by -8.4% or €-3.3m
- Net Debt stood at €528.3m, up €17.6m compared to December 31st
- In early May 2018, the US Supreme Court has ruled that PASPA (the Professional and Amateur Sports Protection Act), a 1992 federal law which prohibited states from legalizing sports betting, is unconstitutional.
- In May 2018, Intralot welcomed Mr. Michael Kogeler, as its new Group Chief Operating Officer.