Intralot SPA has achieved its corporate objective of reducing its gross debt below €500m, despite witnessing a slowdown in its B2C performance. Publishing its full-year 2023 accounts, the Athens-listed gambling and lottery technology group reported revenues of €364m, a 7.3% decline from FY2022 results of €398m. The decline in headline revenues is attributed to the discontinuation of its Malta Lottery …
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Intralot SPA maintains a stable outlook for year-trading, despite the Athens-listed technology group reporting continued revenue declines impacting its commercial performance. Publishing its latest year-to-date (YTD) report, Intralot corporate revenues stand at €280m, down 7% on 2022 comparatives of €301m. The decline in YTD headline revenues reflects the absence of discontinued Malta lottery (B2C) revenues, accounting for a decrease of …
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Intralot SA highlighted its enhanced operational earnings and cash flow despite commercial adjustments that affected its revenue performance. Releasing its H1 2023 interim trading results, the Athens-listed gambling technology group reported corporate revenues of €175m, a 14% decrease from the 2022 comparative results of €205m. The decline in headline revenues was mainly due to Intralot discontinuing its Malta business, which …
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Intralot SA has made major changes to senior management of its international operations, transferring Nikolaos Nikolakopoulos to duties as CEO of its Intralot Inc US subsidiary. The solutions developer, which produces B2B lottery, betting, gaming and digital services products, has moved Nikolakopoulos from his position as Deputy CEO of the wider group. Nikolakopoulos will assume leadership of the Atlanta-based subsidiary …
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Sokratis Kokkalis, founder and chief executive of Intralot SPA, has underscored the technology group’s ‘business priority’ to bolster and accelerate all North American units, services and customer contracts. Having retaken leadership of the Athens-listed group last November, Kokkalis presented Intralot’s new strategic vision to investors at the firm’s AGM on Tuesday 29 June. Despite facing ongoing COVID-19 adjustments across its …
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Intralot SPA has detailed confidence in achieving its business recovery objectives as the firm declares a positive opening to 2021 trading. Publishing its Q1 2021 trading results (period ending 31 March), Intralot registered group revenues of €102 million – up 9% on corresponding 2020 results of €93 million. The Athens-listed gambling technology group highlighted the recovery of its lottery games …
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Intralot SPA has updated both investors and the Hellenic Capital Market Commission on further measures taken to reduce the firm’s exposure to COVID-19 impacts, which have hindered the group’s commercial pipeline and financial performance. As it stands, Intralot estimates that Covid impacts will bear a group-wide EBITDA-level cost of €25-28 million on its full-year 2020 accounts. The Athens listed gambling …
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Intralot SPA has informed its shareholders that company founder and executive chairman Sokratis Kokkalis has been reinstated as Group CEO effective immediately. The gambling technology and lottery systems provider issued a statement on the Athens Stock Engage disclosing that majority shareholder Kokkalis had retaken leadership of the firm, replacing Christos K. Dimitriadis as CEO. The filing stated that Intralot had …
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Intralot SPA has revitalised its strategic mandate to concentrate on the recovery of core business segments having stripped all non-essential assets from its business structure. The Athens-listed technology group detailed that it has completed a ‘year of transformations’ under the guidance of company founder Sokratis Kokkalis, publishing its full-year 2019 results. Tough 2019 trading saw Intralot’s headline ‘licensed operations’ unit record …
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Athens-listed gambling technology group Intralot SPA has posted a further quarter of negative declines across its core business metrics and KPIs as it continues to focus on a business transformation programme to counter corporate headwinds for its operating markets. Publishing its latest Q3 2019 trading statement (period ending 30 September), Intralot reports a 6% decrease in year-to-date revenues of €555 million …
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