Intralot Reports its Financial Results for 2024
Intralot has reported its financial results for 2024. The company attributed its growth in revenue to a “very strong performance” in Q4, driven largely by revenue growth in North America.
Chairman Sokratis P Kokkalis said: “This enabling the company to maintain its key metrics in profitability and leverage ratio by focusing on high profit-margin activities.”
He continued: “We were able to win new contracts in the promising sectors of VLT monitoring in the US and online lottery in Canada and extend key contracts in our core business in Europe and Australia while actively pursuing every opportunity in our sector around the globe.”
Group revenue for the year reached €376.4m, growth of 3.4% year on year. Adjusted EBITDA reached €130.7m, showing 1% growth year on year, with the margin reaching 34.7%.
Earlier this year, Intralot’s North American subsidiary signed a contract with the Charitable Gaming Division of the Nebraska Department of Revenue for the provision of a real-time monitoring and reporting system for cash devices across the state.
The contract, which was awarded following a competitive process, will run for five years and includes the option to renew for four additional two-year periods, totalling 13 years.
