Publishing its results for the nine months to September 30, gaming operator Intralot, which offers solutions across a range of platforms, both online and offline, has reported a 17.5 per cent year-on-year growth in revenue.
Revenue in the nine-month period was up to €1.09bn while earnings (EBITDA) also grew strongly year on year, by 17.3 per cent to €137.4m (constant currency).
The EBITDA margin was 12.6 per cent, down slightly on the 13 per cent recorded at the same point in 2016.
Intralot Group CEO Antonios Kerastaris said in a statement: “Financial results for the [period] demonstrate steady progress in all three strategic goals set by the company, namely gains in operational performance; the implementation of M&A strategies to improve the profitability of our offering mix while facilitating investments in new products and projects; and financial profile restructuring to secure long-term visibility.
"Intralot’s market potential has been manifestly recognised by the success of a three-times oversubscribed €500m bond offering with seven-year maturity period in September,. This issue allowed Intralot to fully repay its syndicated loans to the Greek banking sector while the diverse mix of investors includes the majority of the highest caliber international investment houses and generates additional confidence and credibility for Intralot’s prospects.”
