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Intralot Reports €27.3 Million Loss in H1 2019

Niji Narayan

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Intralot Reports €27.3 Million Loss in H1 2019
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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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