Intralot reports revenue rise

lier Intralot has announced a 26.3% year-on-year increase in consolidated revenues for the first half of 2014.

The figure reached €905.5m for the six months ending 30 June 2014, up from €717.2m the previous year.

On a constant currency basis, net of a negative FX impact of €63.8m, revenues reached €969.3m, an increase of 35.1%.

EBITDA was down 8.4% to €89.5m for H1 2014, although net of a negative FX impact of €8.6m it actually rose 0.4% to €98.1m.

Intralot Group CEO Constantinos Antonopoulos said: “As we have completed the first half of the FY 2014 period, we are very satisfied to have extended the duration of five of our existing contracts in North America, Australia and Asia and added a new major contract in the US.”

“From a financial standpoint, the group posted in the second quarter a significant growth in operating cash flow generation and a decrease of its net debt.”