‘Strong’ Q2 enables Intralot to post growth in first half

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Antonios Kerastaris, chief executive of Intralot, has said a “strong” performance by the firm during the second quarter of the year allowed it to post increased revenue during the six months through to June 30.

Consolidated revenue in the first half totalled €958.7 million ($1.1 billion), up 5.9% from €905.5 million in the same period last year.

Intralot also noted that despite earnings before interest, tax, depreciation and amortisation (EBITDA) falling 2.6% year-on-year to €87.2 million, on a like-for-like, continuing basis, this figure stood at €80.1 million, representing growth of 9.4%.

Elsewhere, earnings before tax dropped 12.7% to €17.6 million, while operating cash flow was also down to €8 million due to a negative working capital of €30.7 million.

Intralot also said that although revenue for its parent company was down 17.8% to €39.3 million in the first half, EBITDA increased by 114.1% to €34.3 million

read more at iGamigBusiness

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