Intralot has announced its financial results for the three-month period to March 31, reporting a 5.6 per cent growth in organic EBITDA - a rise of 19.5 per cent in constant currency - compared with the same period in 2015.
Commenting on the first-quarter results, Intralot Group CEO Antonios Kerastaris said: “Intralot’s strong financial performance in Q1, despite strong forex headwind, confirms that our operational model evolution and the alignment of our portfolio offering with market trends generate measurable results.
“Our strategy for growth through local partnerships in new and existing markets is guided by expanding and diversifying our portfolio with complementary products and market share.
“Additionally, our unique understanding of traditional industry verticals such as lottery and betting retail, as both technology provider and operator, drives our new product roadmap towards a universal customer experience.”
Revenues, year on year, fell in the quarter, from €347.7m in 2015 to €335.2m in the first quarter of this year, down 3.6 per cent. However, adjusting for constant currency, revenues show an 8.6 per cent rise, to €377.7m.
The results do not include discontinued operations in Italy following the agreement to merge local Intralot operations with those of Gamenet.
