Publishing its results for the six months to June 30, gaming group Intralot reported year-on-year revenue growth of 17.9 per cent while earnings (EBITDA) were up 8.1 per cent, both on a constant currency basis.
The profit (EBITDA) margin was down slightly, to 12.6 per cent (from 14 per cent).
The company attributed the jump in revenues to a strong performance in Europe, boosted by sales in Bulgaria and Poland, and in the Americas, led by Jamaica, Argentina and a new contract in Chile. Elsewhere, Intralot saw strong revenues in Azerbaijan and Australia.
Antonios Kerastaris, Intralot Group CEO, said in a statement: “Results for the first half of 2017 make it clear that this year represents a turning point for Intralot’s financial performance.
“Continued double-digit revenue growth and profitability improvements are directly linked to reforms implemented in the previous year and more specifically to our M&A and partnership strategy. Strong local partnerships offer portfolio diversification, local market knowledge and an asset light structure in addition to economies of scale and new strong revenue streams.
“Significant progress and strong trust from our clients have registered in mature and very competitive markets such as the US. Recent renewals of flagship contracts in Ohio, Arkansas and Vermont secure our operational profitability and income visibility for the next 10 years, developing the US market into our biggest EBITDA contributor.”
