Intralot sees H1 EBITDA rise 20%
Lottery operator records top and bottom line growth as company issues five-year bond
Intralot has posted a strong set of H1 results with key financial metrics EBITDA and revenue rising 20% and 4% respectively.
The Greek lottery and gaming operator saw EBITDA rise to 97.6m for the six months ending 30 June, up from the 81.4m recorded for the corresponding period in 2012. Meanwhile, turnover rose from 687.3m to 717.2m.
The Greek lottery and gaming operator said it was pleased with the growth considering the results were to be measured against a period which included the 2012 European Football Championships.
Group CEO Constantinos Antonopoulos said the positive performance enabled the company to continue with its growth strategy, which has included a video lottery monitoring system in Australia, a sports betting offering in Azerbaijan and the award of a six-year Polish online gambling license.
Antonopoulos also pointed to the success of renewed lottery contracts in Ohio, Tasmania, South Korea, and Taiwan, with the latter also appointing Intralot to provide sports betting technology and related services.
The news comes after the company earlier this month completed the process of issuing a five-year bond of 325m, a higher value than originally planned.
“We decided to upsize the amount of the transaction from 300m due to the strong demand by investors, which led to an oversubscription of four times,” Antonopoulos explained.