Industry News

Intralot Announces Full Year 2019 Financial Results

Published

5 years ago

May 6, 2020

Niji Narayan

Intralot Announces Full Year 2019 Financial Results

Reading Time: < 1 minute

Intralot has released its financial results for 2019. The total revenue went down 8% to €720.6 million, compared to €784.4 million in 2018.

The company also revealed adjusted EBITDA reached €68.7m, down 21%. GGR also dropped by 6% to €409.1 million, while its net debt was down to €594.1 million (5%).

The best performing segment was the lottery, as it represented 44% of total revenue for Intralot.

“2019 has been a transition year for Intralot. I have set the cornerstones of the transformation of the Group by implementing a restructuring of our project portfolio through divestments of non-core assets; renewing existing contracts and winning new business with a focus in North America; launching our new products; and optimizing our cost structure,” Sokratis P Kokkalis, Chairman of Intralot Sokratis, said.

“We are prepared to capitalize on our recent investments in building state-of-the-art products and in achieving economies of scale. The transformative power of our technology will play a key role in business innovation and value creation, together with an even more customer-centric new organizational structure,” Christos K. Dimitriadis, CEO of Intralot Group, said.

Related Topics:Christos K. Dimitriadis EBITDA GGR INTRALOT Sokratis P Kokkalis total revenue

Up Next

Inventhelp Inventor Develops Slot Machine for People with Vision Impairments (BTM-2724)

Don't Miss

ARManagement Signs Deal with Golden Race

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.