Posting its financial results for the 12 months to December 31, 2016, Intralot Group reported a 7.1 per cent climb in revenue and a 6.6 per cent rise in earnings (EBITDA), although gross profit fell slightly.
Turnover for the year was €1.32bn, up from €1.24bn in 2015, while EBITDA climbed from €164.9m to €175.8m year on year.
Commenting on the figures, Intralot Group CEO Antonios Kerastaris said: “The strongly positive results of 2016 in both growth and profitability reflect important transformations that have taken place over the past couple of years across operational capabilities, project management, cost structure, and products and services portfolio investments.
“A series of M&A transactions greatly enhanced our business development potential through strong local partnerships and diversified portfolio offering.
“The past year was also marked by tremendous improvements in Intralot’s financial structure in a way that secures future savings and a clear funding horizon until 2021 while affirming international investors’ confidence in future value creation.”
