Intralot reports 3.4% revenue growth for FY24
The company confirmed its full-year financial results.
Key points:
– Intralot announced a 3.4% year-on-year revenue increase, reaching €376.4m ($406.5m) for FY24
– The company’s adjusted EBITDA rose by 1.0%, reflecting its performance in North America
Intralot has reported a 3.4% increase in consolidated revenue for the fiscal year ending 31 December 2024. Total revenue amounted to €376.4m for the year.
The company’s adjusted EBITDA reached €130.7m, a slight increase of 1% year-on-year. This result reflects its focus on high-margin activities and expansion in markets like North America. Adjusted EBITDA margin remained at 34.7%, while operating expenses grew by 3%, mainly due to ongoing investments in projects.
Intralot posted an EBT of €18.0m and net income after tax and minority interest of €4.9m. Operating cash flow for FY24 stood at €87.2m.
This growth in revenue was largely driven by a 16.6% increase in management (B2B/B2G) contracts, particularly in Turkey, and in licensed operations (B2C) in Argentina.
Good to know: The company’s ongoing expansion includes a new contract in Nebraska and will shape the outlook for FY25 and beyond
Intralot Chairman Sokratis P. Kokkalis stated: “Intralot’s performance for 2024 has been positively impacted by very strong performance in the last quarter driven by strong revenue growth from North America, enabling the company to maintain its key metrics in profitability and leverage ratio by focusing on high profit-margin activities.
“We were able to win new contracts in the promising sectors of VLT monitoring in the US and online lottery in Canada and extend key contracts in our core business in Europe and Australia while actively pursuing every opportunity in our sector around the globe.”
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