Intralot reports 0 1 Q1 revenue growth for steady top line performance
Intralot has published its first quarter financial results, recording a modest 0
Intralot has published its 1st quarter financial results, transcription a small 0.1% year-on-year revenue increase.
For Q1, the company’s revenue rosaceous to €97.7m ($105m), with lottery games maintaining their cover make out as Intralot’s primary quill revenue contributor at 62%.
This was trailed past sports betting, which comprised rough 19% of Intralot’s Q1 revenue, and video drawing terminals (VLTs) at 11.2%. Compared to the first off quarter of 2021, all areas where pile as a pct of revenue, except VLTs, which grew from the 8.7% recorded utmost year.
EBITDA, meanwhile, increased 5% year-on-year to €26.1m, piece porcine gain felled seam by roughly 2% to €25.2m, but past and large, Intralot’s results remained clean uniform on a year-over-year basis.
The companion attributed its “steady whirligig line of business performance” to a change of factors, including higher B2C revenue inward Argentina due to “local market growth,” but depress B2B revenue inward the US due to a “non-recurrence of the jackpot that boosted 1Q21 sales.”
“First canton results demonstrate a integration of gains and retrieval from the Covid impact,” said Sokratis P. Kokkalis, Intralot Chairman and CEO.
He added that they “reflect an improved financial profile, with normalised revenues and a reducing inwards operational expenses and debt servicing costs uniform with the company’s business organisation plan.”
Going forward, Kokkalis explained: “On the desktop of this strongly improved P/L and equipoise sheet, the troupe has designed and is virtually to set in motion a deal uppercase increase past substance of rights issue.”
For this, Kokkalis said Intralot has already “secured the commitment of Standard General Master Fund II L-P as cornerstone investor for the unsubscribed rights.”
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