INTRALOT ANNOUNCES ITS 9 MONTHS 2006 RESULTS
INTRALOT SA today announces its financial results for the nine-month period ending September 30th 2006, prepared in accordance with IFRS.
INTRALOT achieved to sustain a high growth rate both in its revenues and profits, as follows:
Consolidated Revenues for the period reached €572.8m, posting a 71.7% increase compared to 9M05. EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) increased by 57.1% to €185.6m, compared to the same period last year (€118,1m in 9M05). Earnings Before Taxes (EBT)recorded an increase of 48.4% y-o-y by reaching €172.5m compared to €116.3m in 9M05. Earnings after Taxes and after minorities (EAT-am) increased by 59.6% y-o-y to €82.0m from €51.4m in 9M05.
Total International Revenues for the INTRALOT Group amounted to €420.5m, or 73.4% of total Group sales, compared with €249.7m in 9M05. International operations contributed a total of €119.1m or 69% to group EBT vs. €61.6m in 9?05.
Concerning the parent company, revenues increased to €169.2m in 9M06, 123.6% higher year-on-year (9M05: €75.6m). EBITDA increased by 130.0% year-on-year to 89.1m (9M05: €38.7m). Earnings Before Taxes (EBT) reached €89.1m in 9M06, posting a 73.1% y-o-y increase, while Earnings After Taxes (EAT) reached €61.2m in 9M06, posting a 75.7% y-o-y increase (€ 34.8 m. in 9M05).
Commenting on the above results INTRALOT’s CEO, Mr. Constantinos Antonopoulos, stated: «We are very pleased with our 9?06 period results. The latest drifts in INTRALOT’s business course are decisive for its future advancement. First of all, due to this performance we declared an interim dividend of €0.30 per share, 30% higher than last year’s interim dividend.
In new projects’ point of view, we signed a major contract for the operation, management and system supply in South Africa, and reached an agreement with OPAP to provide the infrastructure and know-how necessary to manage the risk of the Stihima game. On the other hand, the much awaited liberalization of gaming markets in Europe has started, as Italy recently tendered new fixed-odds betting and horse racing licenses. INTRALOT participated in this tender the results of which will be known soon. Moreover, the list of lottery privatization projects has increased with the addition of US states, which would mean the opening of a potential large market.
These developments along with the sound financial status of INTRALOT as reflected in the 9M06 results, are expected to continue driving our growth in the future in order to deliver value to all our clients, shareholders, collaborators and employees who trust us».
INTRALOT, a public company listed on the ASE, is a leading supplier of integrated gaming and transaction processing systems, innovative game content and value added services to state-licensed gaming organizations worldwide. Its 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. INTRALOT’s footprint straddles five continents with 37 subsidiaries, 8 business offices, over 3,600 people and revenues of € 523 million for 2005 and €700(?) for 2006.