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Intralot’s positive results for the first half of 2011

Intralot SA, an iGaming developer and gaming and transaction processing systems supplier revealed that their consolidated revenues for the first half of 2011 rose by 8.4% to €586.4 million when compared to last year’s result.

Athens-based Intralot also released their earnings before interest, tax, depreciation and amortisation which showed an increase from last year’s result of €70.8 million to €72.6 million and their earnings after minorities but before write-downs and foreign exchange considerations also increased by an incredible 183% to €18.5 million over last year’s figure.

Intralot also revealed that it posted a positive cashflow for the first half of 2011 which finished at the end of June that showed that net dept decreased by €4.5 million when compared to the whole of 2010.

Constantinos Antonopoulos, Intralot’s Chief Executive Officer stated that “in the first half of 2011 we have managed to grow the company’s revenues and earnings before interest, tax, depreciation and amortisation despite difficult comparisons with 2010 results as the investments the company has undertaken in the past years have started to pay off.”

“Intralot is following closely the developments that are taking place in a number of countries and states in Europe such as Greece, Germany and Spain regarding the liberalisation of their gaming markets.

“Moreover, we are focusing on certain opportunities in the North American market in the area of video lottery terminals whereas in Latin America, after the optimisation of our portfolio, we continue the good progress in all our projects.

“Finally, in Asia we have enhanced our efforts to increase our presence in China and utilise our dominant position in the other countries.”

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