INTRALOT SA, the second biggest international gaming company, today announces its financial results for the twelve-month period ending December 31st, 2006, prepared in accordance with IFRS. INTRALOT achieved a high growth rate both in its revenues and profits, as follows:
Consolidated Revenues for the period reached Euro 791.4 m, posting a 51.3% increase compared to 2005 (Euro 523 m). Earnings Before Taxes (EBT) excluding stock option costs, recorded an increase of 56.2% y-o-y by reaching Euro 235.1 m compared to Euro 150.5 m in 2005 while including stock option costs increased to Euro 223.6 m., 48.6% higher in comparison with 2005. EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) excluding stock option costs increased by 59.2% to Euro 254.8 m, compared to Euro 160 m the same period last year, while including stock option costs increased to Euro 243.3 m compared to Euro 160 m the same period in 2005.
Total International Revenues for the Intralot Group amounted to Euro595.4m, or 75.2% of total Group sales, compared with Euro 390.9m in 2005, posting a y-o-y increase of 52.3%. International operations contributed a total of Euro 155.6m or 69.5% to group EBT vs. Euro90.7m in 2005, posting a y-o-y increase of 71.6%.
Revenues for the parent company increased to Euro231.1m in 2006, 86.8% higher year-on-year (2005: Euro123.7m), where Earnings Before Taxes (EBT) excluding stock option costs reached Euro 109.2 m in 2006, posting a 45.2% y-o-y increase (2005: Euro 75.2 m) while including stock option costs reached Euro 97.7 m, posting a 29,9% y-o-y increase.
Commenting on 12-month 2006 results INTRALOT''s CEO, Constantinos Antonopoulos, noted: "INTRALOT achieved in 2006 strong growth rates, for one more year, posting very strong growth rates in both the top-line and net line compared to 2005. This establishes INTRALOT as the second largest company in the global sector in terms of both revenues and profits. The Company continued its international expansion by enriching its project portfolio with new significant contracts in 2006 such as Taiwan, South Africa, Philippines, and Australia. Moreover, the Company obtained a significant number of licenses in the recently opened Italian fixed-odds betting market. As a result of the last year''s successful performance, the Company will distribute a total dividend of Euro0.66 per share, increased by 20% compared to that of 2005. Concerning the outlook of the Company, major developments are in progress in the international gaming sector such as lottery privatization projects especially in the US and in other countries. Moreover, the liberalization of gaming markets started in Italy recently and is expected to continue in Spain and in other countries as well. The opportunities in the sector, the new contracts and the growth potential from the Company''s established operations will further enhance INTRALOT''s leading global position and increase its shareholders value".