Intralot announces Q1 2016 results

Overview

• Strong Organic EBITDA growth 5.6% (+19.5% in constant currency), Revenues in line with 1Q2015.
• Net Debt Stabilization for a second consecutive quarter
• Ebitda margin jumped to 14.1% in 1Q16 (+120 bps compared to 1Q15)
• Strategic alliance with Gamenet in Italy is a milestone in partnering with strong local players.
• 1Q16 & 1Q15 results do not include discontinued operations in Italy following the agreement to merge our local operations with those of Gamenet

Commenting on the 1Q 2016 Results INTRALOT Group CEO Antonios Kerastaris noted:

“INTRALOT’s strong financial performance in 1Q16, despite strong FX headwind, confirms that our operational model evolution and the alignment of our portfolio offering with market trends generate measurable results. Our strategy for growth through local partnerships in new and existing markets is guided by expanding and diversifying our portfolio with complementary products and market share. Additionally, our unique understanding of traditional industry verticals such as lottery and betting retail as both technology provider and operator drives our new product roadmap towards a universal customer experience.”

See the full report.