SBC News Voice of the Sports Betting Industry
Updating the market on its H1 2016 performance (period ending 30 June), Athens-listed gambling systems provider Intralot has declared that a reorganisation of international portfolio has helped the company deliver top-line growth.
Driven by growth in its markets of US, Turkey and Bulgaria, Intralot would record H1 2016 group revenues of €639 million (H1 2015: €618 million).
The improved group revenues would see Intralot post period gross profits of €119 million (H1 2015: €116), with the firm declaring an H1 2016 EBITDA of €89 million (H1 2015: €80 million).
Intralot governance were pleased to close a significant period for the company, in which it had implemented numerous strategic initiatives and partnership within selected markets.
The period of high acquisition activity, would see the company detail that it had closed its acquisition of Gamenet services for the Italian market, and further taken a strategic stake in Eurobet Bulgaria.
Reshaping its international portfolio, Intralot would reach an agreement to sell 80% of its Peruvian division to Nexus Group. Furthermore, in August Intralot governance announced that it had entered talks with Tatts Group regarding the potential sale of Intralot Australia and New Zealand.
Commenting on H1 2016 results, INTRALOT Group CEO Antonios Kerastaris said:
“INTRALOT’s 2nd Quarter results reflect the impact of successful efforts in portfolio reorganization through a dynamic roadmap of new products and services and the geographical rebalancing of our presence, assisted by completed organizational changes and cost containment. We are particularly encouraged by high growth rates in mature markets such as the US as a clear sign of competitiveness gains and we are committed to further business development in North America and other promising regional markets such as Africa and East Asia. ”
