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 30th, 2018
“INTRALOT announces an almost on par Revenue (+2.4%) and EBITDA (-2.4%) y-o-y performance for 1H18 despite FX turmoil in key markets”
“INTRALOT announces an almost on par Revenue (+2.4%) and EBITDA (-2.4%) y-o-y performance for 1H18 despite FX turmoil in key markets”
August 30th, 2018
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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 30th, 2018, prepared in accordance with IFRS.
OVERVIEW
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Revenue and EBITDA growth of +11.4% and +12.1% year over year respectively on a constant currency basis. Group Revenues increased by 2.4% in 1H18, compared to 1H17. EBITDA in the six-month period lower by 2.4% year over year. EBITDA margins on sales and on GGR contracted by 0.8pps (at 14.6%) and 0.9pps (at 29.1%), respectively. EBT concluded to €32.5m higher by 85.7% vs. 1H17. EBT margin developed to 5.9% (+2.6pps vs. 1H17). NIATMI (Net Income After Tax and Minority Interest) from continuing operations improved by €12.5m vs. last year, developing to €-3.1m. Operating Cash Flow in 1H18 below last year by €-40.5m. Net Debt stood at €572.5m, up €61.8m compared to December 31st 2017. On July 2nd, 2018, INTRALOT announced a five-year extension to its current gaming systems contract with the New Hampshire Lottery Commission. On July 24th, 2018, GAMENET Group—in which INTRALOT holds a 20% equity investment—signed an agreement for the acquisition of 100% of Goldbet, becoming the leading betting operator in Italy. In August 2018, our subsidiary in Turkey (Inteltek), signed a new contract with the Turkish State Organization SporToto, for up to one additional year, with the same commercial terms.
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