Intralot reports 9 increase in Q1 2021 revenue

Intralot generated group revenue of €102

Intralot generated group revenue of €102.0m ($124.3m) for Q1, a 9% step-up year-on-year.

Lottery games were the largest contributor to Intralot’s top line, comprising 63% of the group's total; sports betting contributed to 19.1% and VLTs only when 8.7%.

Gross gaming revenue (GGR) amounted to €80.5m in Q1 2021, an 8% rise. The society reported a 55% yearly growth inwards EBITDA to €24.4m, spell familiarized EBITDA had a similar incline of 56% to €20.8m.

Intralot's North American trading operations “achieved significant" growth," a 22% increment inwards revenue and an 82% jump off in EBITDA.

Intralot had launched US sports betting inwards MT and Booker Taliaferro Washington towards the remainder of 2020.

In addition, operating immediate payment flux increased past 127%, piece radical sack great expenditure was rock-bottom by 48%.

Intralot Chairman & CEO, Sokratis P. Kokkalis, said: “First billet results demonstrate warm revenue and Earnings Before Interest Taxes Depreciation and Amortization growth, impelled past robust operational carrying out and successful implementation of cost containment measures, while maintaining a warm hard cash position.

“At the same time, we preserve to heighten our focusing on strategical markets with higher margins, set in motion unexampled operations, such as Croatia, and roster come out our unexampled product portfolio; boilersuit pointing to a rattling healthy operational carrying into action for 2021.”

After the quarter, Intralot announced the cut-rate sale of an 80% stakes in Intralot get along Brasil; the cut-rate sale to SAGA was in agreement(p) for a sum hard cash considerateness of €0.7m.

In the same month, the companionship also confirmed its subsidiary inward The Netherlands, Intralot Benelux BV, had completed the transition of the Nederlandse Loterij’s good gaming portfolio.