Financial
| “Reaching the sales level of the previous period with less jackpots to work with is a result of a growing database and customer retention efforts”, said Mr Mike Veverka, CEO of Jumbo Interactive. “The internet lottery market in Australia continues to grow but is subject to the same short-term fluctuations caused by jackpots”, he said. Furthermore, the bulk of ticket sales for the $30 million New Year’s Eve Megadraw will be booked in the second half rather than the current half year period with the draw scheduled for 4 January, 2014. The balance sheet remains strong with Net Assets rising from $20.5 million at 30 June 2013 to $21.3 million at 31 October 2013 despite international expansion expenses in Germany, Mexico and the USA. The Company’s cash position also remains strong at $23.3 million at 31 October 2013 ($15.7 million net cash plus $7.6 million players’ funds). |
| Commenting on 9M13 results INTRALOT Group CEO, Mr. Constantinos Antonopoulos, noted: “As we are approaching the end of the full year 2013, the financial performance of INTRALOT during the 9M 2013 period is a well balanced result of growth and financial strength:on a Group level our revenues increased by almost 8% and EBITDA posted an impressive growth rate of more than 22% in the respective period. EBITDA margin increased to 13.3% in the 9M 2013 period, compared to 11.7% in the same period last year. |
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