ntralot’s Annual General Meeting took place on Friday at the company’s Innovation Center in Athens, presenting the corporate figures, the developments, and the successes for the period from January 1 to December 31, 2019, while introducing the Group’s Strategy going forward and the achievements accomplished in 2020 along with the significant opportunities that lie ahead.
Intralot Group Chairman Sokratis Kokkalis said: “The company is looking to strengthen its position through new products, new business opportunities in key markets and assess all available strategic options to optimize its capital structure and maximize stakeholders’ value.”
During the meeting, Intralot’s Group CEO Christos Dimitriadis presented the FY 2019 financial results and the company’s business update focusing on opportunities to capitalize on the recent investments in building innovative products and advanced services to achieve economies of scale and strengthen its financial position.
He introduced the Group’s new Strategy that will drive the company’s future leveraging five pillars: introduce business innovation with digital technology as an enabler in the industries that it serves; improve quality of service and achieve economies of scale; achieve growth through B2G/B2B sales in targeted geographies; establish partnerships towards increasing licensed operations (B2C); and optimize the capital structure.
In addition, Intralot’s new customer-centric organizational structure and the transformative power of its technology will play a key role in business innovation and value creation, powering the company to capture growth opportunities, according to the CEO. He has also presented recent achievements within 2020 as well as significant opportunities for the future.
“Intralot is a company with a great history and a promising future. Our leading position is rooted in our focus on our customers and how our technology and services can help them innovate", Dimitriadis said. “In 2020, we have started implementing our new strategy by delivering our new sports betting solution Intralot Orion in Montana and the District of Columbia in the USA; by introducing the eSports in Peru, while securing two new agreements to deploy eSports; by developing a new innovative digital solution, LOTOS Xi, for Internet Lottery; by signing new agreements to deploy LOTOS Xi in four customers and by securing a new contract to implement Keno.”
Dimitriadis also expressed his gratitude to all Intralot Group employees, the foundation of its successful organization and culture, for their dedication and commitment during the COVID-19 pandemic disruption, in best serving the company’s customers worldwide and ensuring business continuity.