Intralot chairman Sokratis P. Kokkalis noted the company maintained its profitability in Q3, despite a year-on-year fall in revenue over the first nine months of the year.

Intralot

Group revenue for the nine-month period dropped 5.9 per cent to €263.5m from €280m.

Intralot said €12.6m was shaved off due to exchange rate movements in Argentina in December 2023.

It added that the absence of large jackpots in the USA compared to the same period last year also had an effect.

EBITDA fell 9.4 per cent year-on-year to €91.5m from €101m.

However, operating profitability in Q3 was €32m, up 8.8 per cent from €29.4m in Q2.

Q3 revenue for Intralot dropped 14.2 per cent from €104.8m to €89.9m.