Intralot reports 20% revenue rise

lier Intralot has announced a 20.4% year-on-year increase in consolidated revenues for 2014.

The figure rose to €1.85bn for the 12 months ended 31 December 2014.

EBITDA decreased 10% to €175.4m, while net loss after minorities was €49.5m.

Cash flow from operations reached €95.4m for the year, a 17.3% rise, while net debt stands at €381.4m.

Revenues for the parent company decreased 43.2% to €85.7m, while EBITDA was down 13.3% to €20.1m.

Intralot Group CEO Antonios Kerastaris said: "In 2014 Intralot delivered a set of results that focused on cash flow generation leading to the improvement of its net debt position by €20m, and at the same time growing its top line and maintaining almost unchanged its EBITDA on a constant currency basis."