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Greece – Intralot bounces back with strong start to 2014

By - 16 May 2014

Greek operator Intralot has reported a fine start to 2014 with revenues up by a quarter for the three-month period ending March 31, 2014.

Consolidated Revenues for the period increased by 25.3 per cent, to €445.7m from €355.8m for the three months in the previous year. Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) decreased by 6.3 per cent, to €51.6m.

Instralot Group CEO Constantinos Antonopoulos said: “The year 2014 has set out to a good start for Intralot as we had a strong

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growth in the top-line and operating profits despite the continuing FX headwinds. During the first quarter of the year we started the implementation of the group reorganisation and we added to our portfolio some new projects in Europe and the US, in-line with our strategy to selectively expand our business and capitalize on our presence in existing jurisdictions. Having successfully completed the new bond issue and extended the Group’s debt maturities significantly, we are well positioned to evaluate new opportunities worldwide.”

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