INTRALOT S.A.
INTRALOT ANNOUNCES 2010 FULL YEAR RESULTS
Strong growth in 4Q 2010 EBITDA: reached €42.8m, +82.6% y-o-y
INTRALOT, the leading international gaming company, announces today its financial results for the twelve-month period ending December 31st, 2010, prepared in accordance with IFRS.
More precisely, consolidated results of FY2010 are as follows:
INTRALOT Group's Consolidated Revenues for the period increased by 23.5% reaching €1.115 billion, compared to 2009. EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) remained almost at the same levels of 2009 reaching €152.7m (from €154.4m in 2009). EAT-am (Earnings After Taxes and after minorities) were shaped at €36.6m from €49.8m in 2009.
In the 4Q2010, INTRALOT Group's Consolidated Revenues were increased by 42.6% reaching €318.0m (from €223.0m in 2009). EBITDA was shaped at €42.8m (an 82.6% increase compared to the same period in 2009).
Revenues for the parent company increased by 7.8% reaching €163.5m. EBITDA decreased by 4.9% to €24.2m from €25.5m in FY09. Earnings After Taxes (EAT) reached €2.1m.
Commenting on FY2010 results INTRALOT Group CEO, Constantinos Antonopoulos, noted: "Over the past five years INTRALOT has invested more than €600m in new opportunities and projects around the Globe, transforming the Company into a major multinational player in the gaming industry and also strongly diversifying its risk on relying on few large projects. FY 2010 marks the completion of this expansionary phase as the Group has a large and healthy portfolio of projects that constitute a very significant asset. In the next few years we will focus on delivering value to our investors from existing projects by taking advantage of their full potential in terms of sales growth, by streamlining their operations and by improving our operating efficiencies. Our main target will be to aim for cash flow generation and cost efficiencies. At the same time we will selectively pursue potential opportunities in the areas of lottery privatizations and regulated opening of markets, among others, and focus on both, their financial performance and returns to investors."
INTRALOT, the leading international gaming company, announces today its financial results for the twelve-month period ending December 31st, 2010, prepared in accordance with IFRS.
More precisely, consolidated results of FY2010 are as follows:
INTRALOT Group's Consolidated Revenues for the period increased by 23.5% reaching €1.115 billion, compared to 2009. EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) remained almost at the same levels of 2009 reaching €152.7m (from €154.4m in 2009). EAT-am (Earnings After Taxes and after minorities) were shaped at €36.6m from €49.8m in 2009.
In the 4Q2010, INTRALOT Group's Consolidated Revenues were increased by 42.6% reaching €318.0m (from €223.0m in 2009). EBITDA was shaped at €42.8m (an 82.6% increase compared to the same period in 2009).
Revenues for the parent company increased by 7.8% reaching €163.5m. EBITDA decreased by 4.9% to €24.2m from €25.5m in FY09. Earnings After Taxes (EAT) reached €2.1m.
Commenting on FY2010 results INTRALOT Group CEO, Constantinos Antonopoulos, noted: "Over the past five years INTRALOT has invested more than €600m in new opportunities and projects around the Globe, transforming the Company into a major multinational player in the gaming industry and also strongly diversifying its risk on relying on few large projects. FY 2010 marks the completion of this expansionary phase as the Group has a large and healthy portfolio of projects that constitute a very significant asset. In the next few years we will focus on delivering value to our investors from existing projects by taking advantage of their full potential in terms of sales growth, by streamlining their operations and by improving our operating efficiencies. Our main target will be to aim for cash flow generation and cost efficiencies. At the same time we will selectively pursue potential opportunities in the areas of lottery privatizations and regulated opening of markets, among others, and focus on both, their financial performance and returns to investors."