Gaming solutions provider Intralot has announced its financial results for 2015.
During the fourth quarter of 2015, the company recorded an increase of 13.6 per cent in comparable EBITDA and an increase of 2.2 per cent in group revenues.
Cash flow remained positive in Q4, with net debt decreasing by €6.4m.
During 2015, the company handled €24.4bn of wagers worldwide, demonstrating a 30 per cent year-on-year increase. According to the company, sports betting contributed the most to its success, with it comprising 47.2 per cent of revenue.
Antonios Kerastaris, CEO of Intralot, said: “Intralot’s financial performance in 2015 confirms our resilience and growth potential in challenging times, marked by sustainable revenue and EBITDA, along with positive free cash flow in the last quarter of the year.
“New contracts and renewals in the US, the Netherlands, Morocco, Nigeria, and Kenya underscore our ability to sustain and grow our business through select markets across the globe. Going forward, we expect accelerating revenue and EBITDA growth, propelled by a healthy pipeline of new contracts (starting with the Chile National Lottery and Brazil Minas Gerais district lottery operations) coupled by an operating model that focuses on cash flow generation through a rationalisation of our cost base and balance sheet structure.”
