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Intralot reports revenue rise

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

Updated on 21 August 2014

Gareth Bracken

Journalist

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.”

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Gareth Bracken

Journalist

Gareth Bracken is an experienced gaming journalist and editor who spent more than six years with Players Publishing, progressing through a range of senior editorial roles across its flagship titles, including Gambling Insider. He joined the company in 2010 as an Editorial Assistant before advancing to Staff Writer, Senior Staff Writer, Editor, and later Senior Features Writer.

Between 2011 and 2016, Gareth played a central role in shaping editorial output across print and digital platforms, producing in-depth features, news coverage and long-form analysis on the global gambling and iGaming industries. As Editor from September 2014 to October 2015, he oversaw content strategy, editorial standards and production workflows, helping guide the publication’s development as a leading B2B industry voice.

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