Intralot, the international provider of gaming solutions and operations, has announced its financial results for the three-month period ending March 31.
Group revenues increased by 20.6 per cent in the first quarter compared to last year, while EBITDA in the period grew by 4.3 per cent year on year. Cash flow improved by 71.7 per cent against 2016’s first three months.
Commenting on the results, Intralot CEO Antonios Kerastaris said: “Robust revenue growth and improved profits registered Q1 2017 are driven by our strategic decisions to focus on key markets as well as products and services portfolio diversification.
“All the transformational initiatives undertaken over the last two years are depicted both at profit and cash-flow levels, considerably improved from a year ago.
“With a significantly improved financial structure and operational performance, we are also reaping the fruits of lower debt servicing costs and enhancing our credit grade outlook by rating agencies that boost our confidence going forward.”
