Intralot enjoys revenue, EBITDA growth in Q1

Highlights include:

Group Revenues increased by 20.6% in the first quarter of 2017, compared to 1Q16
EBITDA in the three month period grew by 4.3% year on year
EBITDA margin contracted by 2.0pps (at 12.6%)
EBT margin shaped at 4.9% (+1.5pps vs. 1Q16)
NIATMI improved by 54.2% vs. last year, shaped at €-5.5m from €-12.0m
Cash Flow improved by 71.7% from a year ago (€-3.9m in 1Q17 vs. €-13.8m in 1Q16)
In April, 2017, S&P Global Ratings affirmed INTRALOT’s 'B' Ratings on solid operating performance retaining the stable outlook
In May, 2017, Fitch Ratings affirmed its Long-Term Issuer Default Rating (IDR) at B+ for INTRALOT. The Outlook has been revised to Stable from Negative

Commenting on the 1Q 2017 Results Intralot Group CEO Antonios Kerastaris noted. “Robust revenue growth and improved profits registered in 1Q2017 are driven by our strategic decisions to focus on key markets as well as products & services portfolio diversification. All the transformational initiatives undertaken over the last two years are depicted both at profit and cash-flow levels, considerably improved from a year ago. With a significantly improved financial structure and operational performance, we are also reaping the fruits of lower debt servicing costs and enhancing our credit grade outlook by rating agencies that boost our confidence going forward.”