INTRALOT: INCREASE OF REVENUES AND PROFITABILITY IN 2007
INTRALOT SA, the leading international gaming company, announces today its financial results for the twelve-month period ending December 31st, 2007, prepared in accordance with IFRS.
INTRALOT achieved a high growth rate both in its revenues and profits. More precisely, consolidated results of FY07 before stock option expensing are as follows: Consolidated Revenues for the period reached €835.5m, posting a 5.6% increase, compared to 2006. EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) was shaped at €262.9m. (253.6m. after expensing stock options, posting a 4.2% increase in comparison with the previous year). Earnings Before Taxes (EBT), reached €217.8m., while EAT-am (Earnings After Taxes and after minorities) increased to € 121.6m., (112,3m. after expensing stock options, 7,4% higher in comparison with 2006).
Total International Revenues for the INTRALOT Group amounted to €692m., or 82.8% of total Group turnover compared to 75.2% in 2006.
Revenues for the parent company, after expensing stock options were €176.0m in 2007, EBITDA €44.3m., Earnings Before Taxes (EBT) €78.9m from €97.7m. in 2006 and Earnings After Taxes (EAT) reached €62.7m. from €63.2m. in 2006. The parent company results came in softer due to lower domestic sales, but were offset with the significantly increased international expansion of the Group, as it is evident in the consolidated results.
Commenting on FY07 results INTRALOT’s CEO, Constantinos Antonopoulos, noted: “2007 was a successful year for INTRALOT since the Company strengthened significantly its leading position in the global gaming sector with the addition of important projects in its portfolio, succeeding at the same time to increase profits and to exceed management’s guidance by approximately 6%, in a period burdened with increased set up costs due to the implementation of new contracts.
During 2007 INTRALOT, among others, prevailed in the international tenders for operating licenses in South Africa, South Korea and the State of Victoria in Australia, won two more lottery contracts in the US, signed a contract for the operation of All-Russia State Lottery and gained a significant position in the Italian betting market. All these major contracts wins last year are indicative of the Company’s dynamic and strong competitive position to take advantage of the large upcoming opportunities in the global gaming sector.”
INTRALOT, a public listed company, is the leading supplier of integrated gaming and transaction processing systems, innovative game content and sports betting management, 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 more than 40 countries, with approximately 4.200 people and revenues of €835.5m for 2007, INTRALOT has established its presence on all 5 continents.