Increase of 7.1% in income for Intralot Group
Increase revenue and widening losses showed the Intralot Group, during the year 2016. In particular, revenues increased by 7.1% to 1.323 bn. Euro 1.235 bn. Euro 2015.
In contrast, earnings after taxes and minority interest from continuing operations amounted to losses of 71.7 mil. Euro compared to 41.7 mil. Euro the previous year. At the same time, gross profit fell by 0.3% to 233.1 mil. Euros, while EBITDA profit rose 6.6% to 175.8 mil. Euro.
At the level of the fourth quarter, the losses amounted to 38.4 mil. Euro losses EUR 6 million. The same period in 2015. The revenue for their part, have increased by 7.5% to 366.1 million. EUR 340 5 mil. euro in the fourth quarter last year.
Commenting on the financial results, the Group CEO, Anthony Kerastaris , said: “The very positive results of 2016 in terms of revenues and profitability of the company reflect the significant changes that have taken place over the last two years on operational capabilities, project management, cost structure and investments in the product portfolio and the company’s services.
“A series of corporate transactions (M & A) greatly enhance our potential for business growth through strong local partnerships and a diversified portfolio of products and solutions. The past year was marked by very significant improvements in the financial structure of INTRALOT in a way that ensures future savings and a clear horizon financing by 2021, while confirming the confidence of international investors in the company’s perspective on value creation in the future. “