“LEADERSHIP WITH EXCELLENCE” WITH INNOVATIVE PRODUCTS, NEW STRUCTURE & ENHANCED LIQUIDITY
“Leadership with excellence will be INTRALOT’s motto in the years ahead, as the Company aims to maintain its leading position in the gaming sector and will continue offering the best products and services. INTRALOT Group’s strategy will focus on four main targets; innovation and competitiveness, maintaining its leading position in the global market, organic growth and further improvement of its financial results”, stated Mr. Constantinos Antonopoulos, INTRALOT Group CEO, during the Company’s Annual Shareholders’ Meeting that was held today in Athens.
Mr. Socrates S. Kokkalis, Group Deputy CEO, taking the floor stressed: “2013 was a milestone year for INTRALOT Group and the beginning of a new era. After two decades of global expansion and successful operations across geographies, we have decided to consolidate the company's global operations in three distinct divisions, Global Operations & Sales, Products & Services, Technology and Finance, so as to become more flexible and effective continuing to offer to our customers the most innovative gaming solutions. We are sure that the new participatory management structure will enhance shareholder value and create robust financial results.”
Mr. Ioannis Pantoleon, Group Chief Operating Officer, presented the company’s global footprint, commenting: “INTRALOT is very well placed on all five continents and operates total wagers of €20,4b.”.
“We invest further on the segments that our company has an unquestionable competitive advantage and more precisely in the areas that shape the user experience, such as mobile lottery, online and land-based betting and gaming”, stated Mr. George Zenzefilis, Group Chief Products & Services Officer.
Talking about INTRALOT’s innovative technology, Mr. Konstantinos Farris, INTRALOT Group Chief Technology Officer, stated: "The rapid technological developments have created a global, connected and dynamic landscape. INTRALOT was the first company in the industry that has developed the ‘Universal Gaming Experience’ providing players with a seamless gaming experience in land-based networks and interactive channels."
“During the last three quarters INTRALOT has managed to refinance all of its existing debt and added more liquidity fire power through two bond issues and the renewal of its syndicated loan facility. INTRALOT now has a diverse, flexible and long-term funding structure”, added Mr. Antonios Kerastaris, Group Chief Financial Office, while presenting the financial results.
In 2013 the Group’s Revenues increased by 12% reaching €1,539.4 billion. Net of a negative FX impact of €80.1m, revenues reached €1,619.5m, posting an increase of 17.9% y-o-y in FY 2013. EBITDA posted an increase of 9.7% reaching €194.8m. Νet of a negative FX impact of €8.9m, EBITDA reached €203.7m, an increase of 14.7% yo-y in FY 2013. EBT was shaped at €53,6m. Cash Flow from Operations reached €81.3m in the 12M, 2013 period.
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 57 jurisdictions, more than 5.500 people and revenues of €1,54 billion for 2013, INTRALOT has established its presence on all 5 continents.