ANNUAL SHAREHOLDERS GENERAL MEETING: INTRALOT EMBRACES THE GLOBE WITH ITS INTERNATIONAL ACTIVITIES
“INTRALOT literally embraces the globe as it now has the most eastern installation (Chatham Islands, NZ) and the most western one (Easter Island, Chile) in the world. INTRALOT, trusted by even the most demanding clients and recently awarded with significant distinctions, is a well established leader of the gaming industry and the broader business market, internationally”, underscored INTRALOT S.A. CEO, Mr. Constantinos Antonopoulos, during the Annual General Meeting of the shareholders that was held today.
INTRALOT is the only company internationally that offers Lotteries a full range of products and services in order to meet all their needs – provision of systems, support services and operation of games. During the last year, the company further increased its share in the global market and has now established a foothold in all 5 continents, by undertaking 9 new projects all over the world and realizing 1 significant acquisition of an Argentinean technology firm, with a strong presence in the local market.
Mr. Antonopoulos added: “During the last three years, INTRALOT has recorded the highest organic growth- as per sales, net income and human resources, in comparison with its main competitors. INTRALOT has nowadays the soundest financial position, the lowest debt and the strongest net cash position, within the industry. In terms of projects, INTRALOT has won most of the bids in which it participated along with its two main competitors”.
Total International Revenues for the INTRALOT Group represented 75.2% of total Group sales and 69.5% to group EBT, validating the strong presence of INTRALOT in the global market. As a result of the last year’s successful performance, the General Meeting of shareholders approved the distribution of a total dividend of €0.66 per share (including the interim dividend of 0.30€), increased by 20% compared to that of 2005.
Mr. Antonopoulos stressed that “INTRALOT achieved in 2006 strong growth rates, for one more year and ranked in the second place of the largest company in the global sector. The Company continued its international expansion by enriching its project portfolio with new significant contracts in Taiwan, South Africa and Australia. Moreover, the Company obtained a significant number of licenses in the recently opened Italian fixed-odds betting market. The emerging opportunities in the sector, the new contracts and the growth potential from the Company’s established operations will further enhance INTRALOT’s leading global position and increase its shareholders value”.
Concerning the company’s guidance for 2007, consolidated turnover is expected to reach €880 million and profits after taxes and minorities €115 million, an increase of 11.2% and 10% respectively, compared to 2006.
“INTRALOT is a company that acts as a quality benchmark for the sector’s products and services, to the benefit of its customers, local communities and the international entertainment market. Concerning the outlook of the Company, major developments are in progress in the international gaming sector such as lottery privatization projects especially in the US and in other countries. Moreover, the liberalization of gaming markets started in Italy recently and is expected to continue in Spain and in other countries as well. INTRALOT will continue to grow and enter foreign markets, offering added value both to its customers and shareholders”, added Mr. Antonopoulos at the end of his presentation.
INTRALOT, a public company listed on the ASE, is the 2nd biggest supplier of integrated gaming and transaction processing systems, innovative game content and value added services to state-licensed gaming organizations worldwide. It’s broad portfolio of products & services, its know-how of Lottery, Betting & Video Lottery operations, its experience in sports games and its leading-edge technology, give INTRALOT a competitive advantage, which contributes directly to customers’ efficiency, profitability and growth. With 40 subsidiaries, 7 business offices, more than 3,600 people and revenues of €791,4 m. for 2006, INTRALOT has established its presence in all 5 continents.