During the first half of 2020, the revenues of the Intralot Group amounted to € 168.2 million. During the same period, EBITDA profits amounted to € 26.7 million, while the adjusted EBITDA amounted to € 24.0 million.

The loss after taxes from continuing operations amounted to € -42.9 million. Activities in North America, under Intralot Inc., grew significantly on an annual basis (Turnover + 15.2%, EBITDA + 35.8%).

The operating expenses of the Group during the first half of 2020 are presented improved by 26.5% compared to the corresponding period last year, while the operating expenses of the Group companies in Greece are reduced by 14.2% on an annual basis.

Net Investments in the first half of 2020 amounted to € 15.2 million, reduced by 52.1% compared to the first half of 2019.

Evaluating the latest available data and the prevailing conditions regarding the lockdown measures per market, combined with the gradual resumption of sporting events, the company’s best estimate for 2020 regarding the impact of the COVID-19 pandemic remains in the area of ​​€ 25 million at the EBITDA level of the Group.

The CEO of the Intralot Group, Mr. Christos Dimitriadis, stated: “In the first half of 2020 we faced the COVID-19 pandemic, as well as the impact of discontinued operations in Bulgaria and Turkey.

We reviewed our strategy, accelerated its implementation, we reorganized the Group, prioritized our customers and staff, managed our finances wisely, further diversified our portfolio, ensured continuity in service and identified ways to unleash the hidden value of our digital technology. As a result, we have achieved significant growth in the US, substantially reducing the group’s OPEX and CAPEX and maintaining strong liquidity levels. We are constantly preparing for the future and the new realities that are being established worldwide”.