Intralot has announced a decrease in group revenue for the first six months of the year, with the figure of €378.1m representing a 7.6 per cent drop year-on-year.
EBITDA in the same period totalled €58.7m – down 15.9 per cent – with adjusted EBITDA at €60.4m, down 1.8 per cent.
Operating cash flow stood at €49m in the first half of 2019, an increase of €12.3m compared to last year.
Intralot group chairman and CEO Sokratis Kokkalis said: “The second quarter results, although still absorbing the business impact of last year’s negative developments, reflect improvement in operating cash flows and liquidity by successfully implementing our three-pillar strategy for operational improvements, new business, and non-core asset disposals.
“We successfully completed the delivery and transition to the Lotos X new central system for our historic client OPAP in July, and came to an agreement with OPAP for the disposal of our 16.5 per cent participation in Hellenic Lotteries for a consideration of €20.0m. The renewal of our contract with the DC Lottery to include sports betting and the award of a new sports betting contract in Morocco demonstrates Intralot’s readiness to tap fresh opportunities with cutting-edge new technological solutions.”
