INTRALOT SA (RIC: INLr.AT, Bloomberg: INLOT GA), an international gaming solutions and operations leader, announces its financial results for the six month period ended June 30th, 2018

in Finance

“INTRALOT announces an almost on par Revenue (+2.4%) and EBITDA (-2.4%) y-o-y performance for 1H18 despite FX turmoil in key markets”

“INTRALOT announces an almost on par Revenue (+2.4%) and EBITDA (-2.4%) y-o-y performance for 1H18 despite FX turmoil in key markets”

 August 30th, 2018

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INTRALOT SA (RIC: INLr.AT, Bloomberg: INLOT GA), an international gaming solutions and operations leader, announces its financial results for the six month period ended June 30th, 2018, prepared in accordance with IFRS.

OVERVIEW

      Revenue and EBITDA growth of +11.4% and +12.1% year over year respectively on a constant currency basis.

      Group Revenues increased by 2.4% in 1H18, compared to 1H17.

      EBITDA in the six-month period lower by 2.4% year over year.

      EBITDA margins on sales and on GGR contracted by 0.8pps (at 14.6%) and 0.9pps (at 29.1%), respectively.

      EBT concluded to €32.5m higher by 85.7% vs. 1H17. EBT margin developed to 5.9% (+2.6pps vs. 1H17).

      NIATMI (Net Income After Tax and Minority Interest) from continuing operations improved by €12.5m vs. last year, developing to €-3.1m.

      Operating Cash Flow in 1H18 below last year by €-40.5m.

      Net Debt stood at €572.5m, up €61.8m compared to December 31st 2017.

      On July 2nd, 2018, INTRALOT announced a five-year extension to its current gaming systems contract with the New Hampshire Lottery Commission.

      On July 24th, 2018, GAMENET Group—in which INTRALOT holds a 20% equity investment—signed an agreement for the acquisition of 100% of Goldbet, becoming the leading betting operator in Italy.

      In August 2018, our subsidiary in Turkey (Inteltek), signed a new contract with the Turkish State Organization SporToto, for up to one additional year, with the same commercial terms.