Intralot announces robust year start for its 1Q 2014 results

Net of a negative FX impact of 4.7 million euros, EBITDA reached  56.3 million euros, an increase of 2.2% compared with the same period of 2013. Earnings Before Interest and Tax (EBIT) increased by 8.2%, to 31.1 million euros. Net of a negative FX impact of 3.8 million euros., EBIT reached 34.9 million euros, an increase of 21.3% versus the 1Q 2013. Earnings Before Taxes (EBT) decreased by 21.5%, to 16.6 million euros. Net of a negative FX impact of 4 million euros, EBT reached 20.6 million euros, a decrease of 2.9% compared with the same period last year. 

Commenting on 1Q14 results Intralot Group CEO, Constantinos Antonopoulos, stated: “The year 2014 has set out to a good start for Intralot as we had a strong 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 reorganization 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.”