INTRALOT ANNOUNCES 9Μ2011 FINANCIAL RESULTS
Revenues & EBITDA increase
Positive Cash Flow
INTRALOT Group today announces its financial results for the nine-month period ending September 30th 2011, prepared in accordance with IFRS.
In 9M11 INTRALOT’s Consolidated Revenues reached €856.5m, posting a 7.4% increase compared to the same period last year (Constant currency basis: +9.1% y-o-y in 9M11). EBITDA reached €112.1m in 9M11 increased by 2.1% compared to 9M10 (Constant currency basis: +5.7% y-o-y in 9M11). EAT (after minorities prior FX gains/losses, prior write downs) was shaped at €20.9m compared to €21.9m in 9M10. EAT (after minorities) was decreased to €10.9m from €37.0m in 9M10. INTRALOT Group had a positive cash flow in 9M11 at approximately €7m.
Concerning the parent company, revenues in 9M11 were €95.3m from €118.1m in 9M10. EBITDA were shaped at €19.0m from €32.5m in 9M10 and Earnings After Taxes (EAT) were €5.1m from €27.1m in 9M10.
Commenting on 9M11 results INTRALOT Group CEO, Mr. Constantinos Antonopoulos, noted: “In our 9M11 financial results we have managed to further improve our financials and especially our positive cash flow, as promised in the beginning of the year, and at the same time enter into new contracts.
Concerning new developments, we have been awarded two significant VLT Electronic Monitoring System contracts, one in Victoria, Australia for the connection of up to 27,500 EGMs and another in Ohio (with the Ohio Lottery) for up to 17,500 VLTs spread out in 7 racetracks. Both contracts will leverage on our existing operations in the particular regions. Moreover, our online contract with the Idaho State Lottery was extended for at least 3 additional years, while in late October we proceeded with the sale of our minority stake in CyberArts as a result of our decision to focus and invest in our own resources in the interactive industry.”
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. Its broad portfolio of products & services, its know-how of Lottery, Betting, Racing & 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 more than 53 countries, with approximately 5.400 people and revenues of €1.1 billion for 2010, INTRALOT has established its presence on all 5 continents.