Intralot reports 34% increase in H1 revenue

By Gambling Insider
 

Intralot has recorded €202.6m ($239.98m) in group revenue for the first half of 2021, up 34% year-on-year.

The international gaming solutions and operations group has posted its financial results for the first six months of the year.

Its earnings before interest, taxes, depreciation and amortization (EBITDA) were at €54.3m ($64.3m), marking a 107% rise, while gross gaming revenue (GGR) came in at €163.9m ($193.9m).

Lottery games contributed the most to the group’s top line, comprising 59.5% of its revenue, followed by sports betting which made up 18.3% of group turnover for the six-month period.

Technology contracts accounted for 12.2% and video lottery terminals (VLTs) represented 9.5% of group turnover, while racing constituted 0.5% of total revenue for the first half of 2021.

It reported minimal impact from the Covid-19 pandemic, stating that the harm has been contained to roughly €1.5m ($1.7m) of the group’s EBITDA level.

Sokratis P. Kokkalis, Intralot’s Chairman and CEO, noted: “Intralot’s strong performance continued into the second quarter of 2021, resulting in 106.5% growth of EBITDA in the first six months of 2021 and 34.4% growth in revenue.

“These financial results, in combination with the completion of Intralot’s debt restructuring in the beginning of August, set the company in a stable course to fulfil its potential in its key markets, build new partnerships, and tap on new opportunities under its new, significantly deleveraged capital structure, with a leaner operating model.”

The year 2021 has already marked a period of significant change for the company.

In May, Intralot announced the sale of its 80% stake in Intralot do Brasil to SAGA for a total cash consideration of €0.7m ($0.8m).

Also in May, Intralot's Dutch-based subsidiary, Intralot Benelux BV, teamed up with the country’s state lottery operator, Nederlandse Loterij, to transition the operator’s full gaming portfolio through Intralot’s LotosX platform.

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