INTRALOT achieved to sustain a high growth rate both in its revenues and profits, as follows:
Consolidated Revenues for the period reached Euro 572.8m, posting a 71.7% increase compared to 9M05. EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) increased by 57.1% to Euro 185.6m, compared to the same period last year (Euro 118,1m in 9M05). Earnings Before Taxes (EBT) recorded an increase of 48.4% y-o-y by reaching Euro 172.5m compared to Euro 116.3m in 9M05. Earnings after Taxes and after minorities (EAT-am) increased by 59.6% y-o-y to Euro 82.0m from Euro 51.4m in 9M05.
Total International Revenues for the INTRALOT Group amounted to Euro 420.5m, or 73.4% of total Group sales, compared with Euro 249.7m in 9M05. International operations contributed a total of Euro119.1m or 69% to group EBT vs. Euro 61.6m in 9Μ05. Concerning the parent company, revenues increased to Euro 169.2m in 9M06, 123.6% higher year-on-year (9M05: Euro 75.6m). EBITDA increased by 130.0% year-on-year to 89.1m (9M05: Euro 38.7m). Earnings Before Taxes (EBT) reached Euro 89.1m in 9M06, posting a 73.1% y-o-y increase, while Earnings After Taxes (EAT) reached Euro61.2m in 9M06, posting a 75.7% y-o-y increase (Euro 34.8 m. in 9M05).
Commenting on the above results INTRALOT''s CEO, Mr. Constantinos Antonopoulos, stated: "We are very pleased with our 9Μ06 period results. The latest drifts in INTRALOT''s business course are decisive for its future advancement. First of all, due to this performance we declared an interim dividend of Euro0.30 per share, 30% higher than last year''s interim dividend. In new projects'' point of view, we signed a major contract for the operation, management and system supply in South Africa, and reached an agreement with OPAP to provide the infrastructure and know-how necessary to manage the risk of the Stihima game. On the other hand, the much awaited liberalization of gaming markets in Europe has started, as Italy recently tendered new fixed-odds betting and horse racing licenses. INTRALOT participated in this tender the results of which will be known soon. Moreover, the list of lottery privatization projects has increased with the addition of US states, which would mean the opening of a potential large market. These developments along with the sound financial status of INTRALOT as reflected in the 9M06 results, are expected to continue driving our growth in the future in order to deliver value to all our clients, shareholders, collaborators and employees who trust us".