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Intralot announces y-o-y Revenue +4.3% for Q1

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Intralot announce revenue and EBITDA growth of +12.7% and +15.6% year over year respectively on a constant currency basis.

Group Revenues increased by 4.3% in 1Q18, compared to 1Q17.

EBITDA in the three-month period grew by 1.9% year over year.

EBITDA margins on sales and on GGR both contracted by 0.3pps (at 15.2%) and 0.2pps (at 30.1%), respectively.

EBT margin developed to 4.7% (-0.5pps vs. 1Q17).

NIATMI (Net Income After Tax and Minority Interest) from continuing operations remained relatively stable vs. last year, developing to €-6.0m from €-6.1m.

Operating Cash Flow in 1Q18 below last year by -8.4% or €-3.3m

Net Debt stood at €528.3m, up €17.6m compared to December 31st 2017. 

In early May 2018, the US Supreme Court has ruled that PASPA (the Professional and Amateur Sports Protection Act), a 1992 federal law which prohibited states from legalizing sports betting, is unconstitutional.

In May 2018, Intralot welcomed Mr. Michael Kogeler, as its new Group Chief Operating Officer.

Intralots Group CEO, Antonis Kerastaris, noted: “The 2018 Q1 results show stronger sales and continuing growth in developed markets, reflecting increasingly successful market development efforts along with an upgrade of our offering with next generation products and services for Lotteries digital transformation. Emphasis remains on growth in markets such as the United States where the recent lift of the federal ban on sports betting creates tremendous business opportunities from the rise of a potential USD 20bn market in annual GGR terms, on top of great prospects in new flagship projects such as the Illinois State Lottery.”

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