gambling.co.uk home casinos play poker play bingo play instant win games gambling news archive gambling.co.uk forums
 
- -
Bookmark current page
 
  Search
→ casino
→ online casino
→ online poker
→ poker
  Recommended Sites
  Featured Partner
  Gambling.co.uk
Home
Gambling Articles
Gambling Experts
News Archive
Forums
Contact Us
  Affiliates
Bingo Aff Program


Gambling.co.uk: Gambling News Archive

Intralot reports annual rise in revenues

Gaming firm saw earnings before interest, tax, depreciation and amortisation for 2012 improve by 15.4 percent year-on-year to €177.5 million.

Friday 29th March 2013



Intralot SA, the Athens-based developer and supplier of gaming and transaction processing systems, has published its financial results for 2012 showing a 14.3 percent year-on-year increase in consolidated revenues to €1.374 billion. The Greek firm revealed that annual earnings before interest, tax, depreciation and amortisation rose by 15.4 percent year-on-year to €177.5 million while earnings before tax improved by 2.4 percent when compared with 2011 to €58.4 million. In addition, annual earnings after tax and minorities came in at €6.1 million, which represented a decrease of 65.5 percent year-on-year, while adjusted earnings after tax fell by €7.1 million when compared with 2011 to €16.5 million. For the year, Intralot further declared that revenues attributable to its parent company enlarged by six percent year-on-year to €139.6 million while earnings before interest, tax, depreciation and amortisation swelled by 13 percent when compared with 2011 to €21.9 million to leave it with an operational cash flow of €114 million, which was an improvement of some 39 percent. “In fiscal year 2012, Intralot managed to deliver a strong set of financial results across the board with revenues and earnings before interest, tax, depreciation and amortisation growing by 15 percent compared to 2011 following a robust growth of earnings before interest, tax, depreciation and amortisation by 45 percent in the fourth quarter of 2012,” said Constantinos Antonopoulos, Chief Executive Officer for Intralot. “Moreover, cashflow from operations increased by an impressive 39 percent to €114 million in 2012. “In 2012, we had some significant business developments. Starting with our operations in Europe, we managed to win again a ten-year concession, this time, for the operation of the national lottery of Malta, retaining our presence in one of our most important markets. “Concerning our financial capacity, in the middle of 2012, amid a very difficult economic environment, we managed to extend our syndicated loan for two additional years until December of 2014 with competitive financial terms thanks to financial soundness and international diversification. Currently we are working towards the refinancing of our convertible bond loan, which expires in December. “Intralot, having established a leading position in the gaming sector worldwide and with a highly diversified portfolio of projects, has proven to have a flexible and resilient business model. We will continue to work hard in the next years to develop further the company based on this proven business model as numerous opportunities but also challenges are expected to arise in the global gaming market.”




Source: OnlineCasinoNews

  • Back to archive index
  • Submit a press release

    Discuss this story in the Gambling Forum. Last 5 Posts:
    Sunday 26th February, 2017:   Horse Race betting
    Friday 24th February, 2017:   Poker Websites
    Thursday 23rd February, 2017:   UEFA Europa League
    Wednesday 22nd February, 2017:   UEFA Champione Leugue
    Wednesday 22nd February, 2017:   Hi - How to make good money online!