“Portfolio reorganisation” sees Intralot report H1 growth

stry provider Intralot has highlighted the impact of its efforts in international restructuring as it posted positive results for the first half of 2016.

Group revenue for the six months ended 30 June totalled €636.9m, an increase of 2.9% compared to the same period last year and driven by the main growth areas of Turkey, Bulgaria and the USA.

Gross profit climbed at a similar rate, rising 2.7% year-on-year to €119.2m, while EBITDA rose 10.9% to €88.9m.

Intralot agreed a deal in May 2016 to sell 80% of its Peruvian division to Nexus Group, while it secured a key acquisition of its own in 2016, purchasing a strategic stake in Eurobet Bulgaria in July.

Also included in Intralot’s latest market update is confirmation of the provider’s entrance into discussions with Tatts for the potential sale of Intralot’s Australian and New Zealand businesses.

Antonios Kerastaris, Intralot Chief Executive, said: “Intralot’s second quarter results reflect the impact of successful efforts in portfolio reorganisation through a dynamic roadmap of new products and services and the geographical rebalancing of our presence, assisted by completed organisational changes and cost containment.

“We are particularly encouraged by high growth rates in mature markets such as the US as a clear sign of competitiveness gains and we are committed to further business development in North America and other promising regional markets such as Africa and East Asia.”