INTRALOT S.A.
INTRALOT announces its 1st Quarter 2008 results - IMPRESSIVE REVENUE GROWTH & INTERNATIONAL EXPANSION
INTRALOT S.A., the leading international gaming company, today announces its financial results for the three-month period ending March 31st 2008, prepared in accordance with IFRS.
Consolidated Revenues for the period reached 256.6m euro posting an impressive increase of 42.7% compared to the results of 1Q07. EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) reached 72.5m.euro, with small decrease of 2.1% compared to the same period last year. Earnings Before Taxes (EBT) recorded an increase of 1% y-o-y by reaching 68.3m.euro compared to 67.6m. euro in 1Q07, while Earnings After Taxes and after minorities (EAT-am) increased by 5.3% y-o-y to 35.9m.euro from 34.1m.euro in 1Q07.
Revenues for the parent company were 28.0m.euro in 1Q08, 30.7% lower than 1Q07. Earnings Before Taxes (EBT) for the period stood at 17.1m.euro, and Earnings After Taxes (EAT) reached 11.9m.euro.
Commenting on 1Q08 results INTRALOT CEO, Mr. Constantinos Antonopoulos, noted: "The first quarter of 2008 has been very exciting for INTRALOT since the Group managed to win a series of major international contracts such as a license to operate fixed-odds betting games in the promising region of Madrid, a dual contract in the large gaming market of the Netherlands and a significant announcement for being the preferred bidder regarding the Ohio Lottery, one of the largest US lotteries, a few months following the South Carolina Lottery contract. Moreover, the Company acquired a video-lottery operator in Slovakia, a market with significant potential, that will also act as the Group?s expansion arm in neighboring countries. In Q1 2008 consolidated revenues grew by a robust 42.7% to 256.6m euro and net profits by 5.3%, managing to absorb the increased start-up and business development costs of setting up operations in countries such as Russia, Italy, Spain (Madrid), the Netherlands, Victoria Australia, the US, where two contracts (New Mexico and South Carolina) are in the implementation phase and, following the relevant approvals, we expect Ohio to be soon added to them.
The Company will continuously pursue opportunities, as they arise, in the international gaming sector that are expected to bring value to our shareholders."
Consolidated Revenues for the period reached 256.6m euro posting an impressive increase of 42.7% compared to the results of 1Q07. EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) reached 72.5m.euro, with small decrease of 2.1% compared to the same period last year. Earnings Before Taxes (EBT) recorded an increase of 1% y-o-y by reaching 68.3m.euro compared to 67.6m. euro in 1Q07, while Earnings After Taxes and after minorities (EAT-am) increased by 5.3% y-o-y to 35.9m.euro from 34.1m.euro in 1Q07.
Revenues for the parent company were 28.0m.euro in 1Q08, 30.7% lower than 1Q07. Earnings Before Taxes (EBT) for the period stood at 17.1m.euro, and Earnings After Taxes (EAT) reached 11.9m.euro.
Commenting on 1Q08 results INTRALOT CEO, Mr. Constantinos Antonopoulos, noted: "The first quarter of 2008 has been very exciting for INTRALOT since the Group managed to win a series of major international contracts such as a license to operate fixed-odds betting games in the promising region of Madrid, a dual contract in the large gaming market of the Netherlands and a significant announcement for being the preferred bidder regarding the Ohio Lottery, one of the largest US lotteries, a few months following the South Carolina Lottery contract. Moreover, the Company acquired a video-lottery operator in Slovakia, a market with significant potential, that will also act as the Group?s expansion arm in neighboring countries. In Q1 2008 consolidated revenues grew by a robust 42.7% to 256.6m euro and net profits by 5.3%, managing to absorb the increased start-up and business development costs of setting up operations in countries such as Russia, Italy, Spain (Madrid), the Netherlands, Victoria Australia, the US, where two contracts (New Mexico and South Carolina) are in the implementation phase and, following the relevant approvals, we expect Ohio to be soon added to them.
The Company will continuously pursue opportunities, as they arise, in the international gaming sector that are expected to bring value to our shareholders."