Intralot posts 3 H1 growth but still harbouring 508 7m debt
Intralot has announced the results of its H1 report, which saw the gambling company post an annual 3% revenue increase for H1 2022
Intralot has proclaimed the results of its H1 report, which saw the gaming fellowship station an yearbook 3% revenue growth for H1 2022.
The study shows Intralot made tot 144 revenue of €168.5m ($168.8m) for H1 2022, up €4.6m on finally year. Meanwhile, EBITDA also increased by 1% to €55.1m inward 2022.
Breaking it mastered further, Intralot’s 2022 Q2 showed an yearbook revenue ontogenesis of 4%, totalling €88.7m on €85.1m for the yr prior.
So far inward 2022, the main source of revenue has been driven past lottery games and sports betting divisions, which accounted for 64.1% and 15.7% of the sum up H1 revenue for this year.
However, despite the positives, Intralot ease has a sack up debt of €508.7m and its operating immediate payment rate of flow drop 19.2% to €41.4m. Furthermore, the account also showed a revenue discharge inward the US securities industry of €5.9m, pull down 7% on endure year, something Intralot says was boosted past a big jackpot inwards Q1 2021 – as comfortably as higher product sales.
Overall, the news report is steady for the Hellene gambling company, which has shown becalm ontogenesis o'er the last yr inwards its H1 and Q2 results – in spite of losses inwards the US.
Commenting on the financial results, Intralot Chairman & CEO Sokratis P. Kokkalis said: “Intralot has of late completed a serial publication of strategic transactions that included a Share Capital Increase of €129m with the involvement of a young cornerstone investor, the gaining of controller of 100% of Intralot Inc. inward the US, and the refinancing of $254m of Notes issued past Intralot Inc. via a young Term Loan and RCF.
"These events inward combination with continuing warm public presentation as reflected in the 1st half results place Intralot in a horse barn line to knock unexampled strategical opportunities inward developed markets.”