Industry News

Intralot Reports €27.3 Million Loss in H1 2019

Published

5 years ago

September 2, 2019

Niji Narayan

INTRALOT announces First Quarter 2022 Financial Results

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Intralot has reported loss of €27.3 million in H1 2019. The revenue stood at €378.1 million and EBITDA at €58.7 million with Adjusted EBITDA reaching €60.4 million. Income and EBITDA declined by −0.7% and −4.4% respectively.

Operating cash flows in H1 2019 amounted to € 49.0 million, up by €12.3 million compared to the same period last year. Net debt stood at €652.4 million, up by €37.1 million as of December 31, 2018.

In June, the group announced the signing of a new contract with La Marocaine Des Jeux et des Sports. In July, Intralot successfully completed the transition of its historic OPAP client to the new Lotos X Central System.

At the end of July, the group announced the renewal of its existing contract with the Washington DC Lottery for 5 years with the option of extending it for another 5 years, with the addition of sports betting.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.