INTRALOT ANNOUNCES 2010 FULL YEAR RESULTS: STRONG GROWTH IN 4Q 2010 EBITDA
INTRALOT, the leading international gaming company, announces today its financial results for the twelve-month period ending December 31st, 2010, prepared in accordance with IFRS.
More precisely, consolidated results of FY2010 are as follows:
INTRALOT Group’s Consolidated Revenues for the period increased by 23.5% reaching €1.115 billion, compared to 2009. EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) remained almost at the same levels of 2009 reaching €152.7m (from €154.4m in 2009). EAT-am (Earnings After Taxes and after minorities) were shaped at €36.6mfrom €49.8min 2009.
In the 4Q2010, INTRALOT Group’s Consolidated Revenues were increased by 42.6% reaching €318.0m (from €223.0m in 2009). EBITDA was shaped at €42.8m (an 82.6% increase compared to the same period in 2009).
Revenues for the parent companyincreased by 7.8% reaching €163.5m.EBITDA decreased by 4.9% to €24.2m from €25.5m in FY09. Earnings After Taxes (EAT) reached €2.1m.
Commenting on FY2010 results INTRALOT Group CEO, Constantinos Antonopoulos, noted: “Over the past five years INTRALOT has invested more than €600m in new opportunities and projects around the Globe, transforming the Company into a major multinational player in the gaming industry and also strongly diversifying its risk on relying on few large projects. FY 2010 marks the completion of this expansionary phase as the Group has a large and healthy portfolio of projects that constitute a very significant asset. In the next few years we will focus on delivering value to our investors from existing projects by taking advantage of their full potential in terms of sales growth, by streamlining their operations and by improving our operating efficiencies. Our main target will be to aim for cash flow generation and cost efficiencies. At the same time we will selectively pursue potential opportunities in the areas of lottery privatizations and regulated opening of markets, among others, and focus on both, their financial performance and returns to investors.”
INTRALOT, a public listed company, is the leading supplier of integrated gaming and transaction processing systems, innovative game content, sports betting management and interactive gaming services to state-licensed gaming organizations worldwide. It’s broad portfolio of products & services, its know-how of Lottery, Betting & Video Lottery operations and its leading-edge technology, give INTRALOT a competitive advantage which contributes directly to customers’ efficiency, profitability and growth. With presence in morethan 50 countries, with 5.400 people and revenues of €1.1 billion for 2010, INTRALOT has established its presence on all 5 continents.