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Intralot looks to the future as it announces strong 2016 results

Upda

Intralot2017ice
ting the market, gaming solutions supplier and operator Intralot has announced solid growth in its full-year results for 2016, with revenue rising 7.1% to €1.32bn.

Intralot attributed this growth in part to an increase in sports betting revenues generated in Bulgaria, and the consolidation of Bulgarian lottery operator, Eurobet, acquired in 2016.

EBITDA grew at a similar rate, up 6.6% at €176m, while gross profit remained steady at €233.1m compared to €233.7m in 2015.

The group also recorded a 1% year-on-year increase in wagers handled, climbing to €23.4bn, with African wagers in particularly rising sharply, increasing by 23.6%.

CEO of Intralot, Antonios Kerastaris, said: “The strongly positive results of 2016 in both growth and profitability reflect important transformations that have taken place over the past couple of years across operational capabilities, project management, cost structure, and products and services portfolio investments.

“A series of M&A transactions greatly enhanced our business development potential through strong local partnerships and diversified portfolio offering.

“The past year was also marked by tremendous improvements in Intralot’s financial structure in a way that secures future savings and a clear funding horizon until 2021 while affirming international investors’ confidence in future value creation.”

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