Supplier News

Greece – Intralot records 24 per cent revenue rise

By William - 3 December 2021

Intralot has reported €302.8m consolidated revenue for the first nine months of 2021, an increase of 24.4 per cent on the same period last year.

Lottery games was the largest contributor to the top line, comprising 60.7 per cent of revenue, followed by sports betting which contributed 17.5 per cent to Group turnover.

Technology contracts accounted for 12.2 per cent and VLTs monitoring represented 9.1 per cent, while racing constituted the 0.5 per cent of total revenue.

GGR from operations concluded at €244.4m in 9M21, posting an increase of 21.2 per cent. This was driven mainly by the increased top line contribution of our US operations, the better performance of Bilyoner in the current period and the improved performance across most key regions mainly due to the COVID- 19 impact on the preceding year.

Intralot Chairman and CEO, Sokratis P. Kokkalis, noted: “The nine-month results reflect the continuing strong operational performance combined with the positive impact of the capital structure optimisation agreement achieved in the beginning of August.

“The robust improvement in the cash flow generation and high EBITDA margins enhanced by reduced future debt servicing costs, highlight Intralot’s strengthened overall financial profile and prospects to pursue new opportunities for growth through strategic partnerships.”

In November, Intralot launched its lottery platform, “LotosX”, enabling all Lotto Hamburg’s product portfolio to be offered by both retail and Online channels. In December, the company signed the extension of its contract with OPAP S.A. for one additional year, from July 2023 to July 2024, for the provision of numerical lottery products and services.