Intralot announced 10.5 percent growth for 2017

Revenue and EBITDA growth of +17.5% and +17.3% year-on-year respectively on a constant currency basis. Group Revenues increased by 13.4% in 9M17, compared to 9M16.

EBITDA in the nine month period grew by 10.5% year on year. EBITDA margin contracted by 0.4pps (at 12.6%), and EBT margin developed to 3.5% (+1.5pps vs. 9M16).

NIATMI (Net Income After Tax and Minority Interest) from continuing operations improved by 39.6% vs. last year.

Operating Cash-flow generation in line with prior year at 120.5 million euros.  (+10.1m euros organic growth). Net Debt stood at 497 million euros, up 2.1m euros compared to December 31st 2016.

In September 2017, Intralot has successfully priced an offering of 500 million euros, 7-year Senior Notes due 2024 with a coupon of 5.25%, concluding a debt reprofiling process in the last 3 years that resulted in Intralot’s funding cost reduction with a simultaneous extension of average debt life from 3.5 to 6 years.

In October 2017, INTRALOT de-invested from its Jamaican operations. The transaction totaled US$ 40 million, approximately 12 times the annual net profit after tax attributable to the firm’s equity holders.

In October 2017, Intralot agreed to acquire Bit8, a gaming company based in Malta in which the company had first invested in 2015.