INTRALOT DISTINGUISHED FOR ITS INVESTMENT IN R&D (14/12/2010)
INTRALOT Group was included in the ‘2010 EU Industrial Research & Development Investment Scoreboard’ prepared and published by the European Commission, because of the significant capital invested by the company in Research and Development (R&D) during the previous year.
This important ranking ratifies INTRALOT’scontinuous commitment to invest in Research and Development. Viewing R&D as an integral part of its core corporate philosophy anda powerful source of growth, INTRALOT has been investing an average of 10% of its technology sales in Research and Development providing the lottery industry with innovative and pioneering technological solutions, thus becoming the leader of the global lottery market. INTRALOT has established in-house R&D facilities in Europe, Asia and the US, thus, leveraging its operations and creating economies of scale.
This year's Scoreboard shows that, despite prevailing economic circumstances, R&D investment remains an important strategic priority for top firms worldwide. The Scoreboard shows that R&D investment by top EU companies fell only by 2.6% in 2009, even though sales and profits dropped much more, by 10.1% and 21.0% respectively. The decrease in R&D investment by leading players in the US, at 5.1%, was twice as sharp as in the EU, but the worldwide reduction was lower, standing at 1.9%. Japanese firms maintained their level of investment. Companies based elsewhere in Asia (China, India, Hong Kong, South Korea and Taiwan) continued the high R&D growth seen in previous years.
The EU Industrial R&D Investment Scoreboard is published annually by the European Commission and ranks the world's top 1,400 companies (400 from the EU and 1,000 from the rest of the World) according to the level of their investments in R&D. It measures the total value of their global R&D investment, irrespective of the location where the relevant R&D takes place.