INTRALOT announced a 20% increase in the group’s revenues for 2021, while EBITDA profits amounted to € 110.4 million, increased by 66.9% on an annual basis.
In particular, during the twelve months of 2021, the Group’s revenues amounted to € 414.0 million (+ 20.0% on an annual basis). During the same period, EBITDA profits amounted to € 110.4 million (+ 66.9% on an annual basis).
NIATMI (Net Profit / Loss after Taxes and Minority Interests) from continuing operations amounted to € 26.6 million in profit, compared to a loss of € 102.9 million in the corresponding period last year, affected by its one-off profit balance sheet restructuring transaction of € 88.5 million which was completed within the third quarter.
The operating expenses of the Group companies in Greece are reduced by 19.4% on an annual basis.
Operating Cash Flows for the twelve months of 2021 amounted to € 107.6 million (+ 141.9% on an annual basis).
The Group’s Net Investments during the twelve months of 2021 amounted to € 22.9 million, reduced by 36.2% on an annual basis.
The Cash and Cash Equivalents of the Group at the end of 2021 amounted to € 107.3 million.
Net Lending amounted to € 497.2 million at the end of 2021, down by € 153.9 million compared to the twelve months of 2020. The Net Debt / EBITDA ratio at 4.5x compared to 9.8x in 2020. Total Lending is reduced by € 146.6 million compared to December 2020.
It is noted that in March, INTRALOT announced the extension of INTRALOT Maroc’s current contract with La Marocaine Des Jeux et des Sports (MDJS) for an additional year, with the contract now expiring on 31.12.2023.
In April, INTRALOT announced the extension of its current contract with Magnum Corporation Sdn BhD in Malaysia for an additional two (2) years, with the contract now expiring on 30.06.2024.
Also in April, INTRALOT announced that its US subsidiary INTRALOT, Inc., had signed a 5-year extension of its contract with the Wyoming Lottery Corporation, with the contract now expiring in August 2029.
2 The Group defines “EBITDA” as the “Profit / (loss) before taxes” adjusted for the items “Profit / (loss) from consolidations using the equity method”, “Profit / (loss) in the net cash position” , “Foreign Exchange Differences”, “Credit interest and related income”, “Debt interest and related expenses”, “Income / (expenses) of participations and securities”, “Impairment and write-off of fixed assets”, “Profit / (loss) from sale of fixed assets “,” Reorganization costs “and” Depreciation of fixed assets “.
“The successful completion of the optimization of the capital structure in August 2021, resulting in the extension of debt maturities in 2021 and the significant leverage of € 163 million, was a key milestone for INTRALOT, shaping the ground for the exploitation of important business opportunities. in the United States and around the world for the coming years, in the areas of Lottery Gambling, Sports Betting and Gaming Machine Monitoring Systems, “he said. President and CEO of INTRALOT Group, Mr. Socrates P. Kokkalis He added: “The results of 2021, combined with the strong recovery in key markets, following the easing of measures against the COVID-19 pandemic and the cost reduction achieved at HQ level, put the Company on a steady course for seize new opportunities and create value for all stakeholders. ”
See the full announcement in the right column “Related Files”
Source: Capital
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