INTRALOT SA today announces its financial results for the six-month period ending June 30th, 2006, prepared in accordance with IFRS. INTRALOT achieved to sustain a high growth rate both in its revenues and profits, as follows: Consolidated Revenues for the period reached Euro 382.0m, posting a 80.8% increase compared to 1H05. EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) increased by 55.4% to Euro 122.7m, compared to the same period last year. Earnings Before Taxes (EBT) recorded an increase of 43.4% y-o-y by reaching Euro 114.1m compared to Euro 79.5m in 1H05. Earnings After Taxes and after minorities (EAT-am) increased by 51.1% y-o-y to Euro 55.2m from Euro 36.6m in 1H05.
Total International Revenues for the Intralot Group amounted to Euro 279.0m, or 73.0% of total Group sales, compared with Euro 159.2m, or 75.4% of total Group sales in 1H05. International operations contributed a total of Euro 79.3m or 69.5% to group EBT vs. Euro 43.0m or 54.0% in 1H05.
Commenting on 1H06 results INTRALOT's CEO, Mr, Constantinos Antonopoulos, noted: "We are very pleased with our first half 2006 results, which are above our initial expectations for the period. Moreover, in the last 3 months we have signed three new contracts in Malaysia, Germany and Idaho, while we have been announced preferred bidders regarding the South African Lottery tender and in Western Australia. In this way, we have maintained a success rate of over 50% in the tenders we compete, with our major peers in the past 2 1/2 years. As a result, we are continuously increasing our portfolio of projects at a strong rate and concurrently have established an important presence in the Asia/Pacific region. Moreover, the 2006 World Cup hosted in Germany proved to be by far the largest sports betting event in history, increasing sports betting awareness globally. It is important to note that the momentum of betting awareness is considered by our Company a very positive sign for the continued growth of our betting related operations in the future. INTRALOT's positioning, brand name and total solution offering in the global market has led the company to obtain a dominant position in the international gaming market, a factor that will continue to drive our future expansion".