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 INTRALOT announces revenues of 97.7 million euros in the first quarter of 2022

 
 INTRALOT announces revenues of 97.7 million euros in the first quarter of 2022

   Sokratis P. Kokkalis, INTRALOT President and CEO


 INTRALOT announces its financial results for the period ended March 31, 2022, reporting revenue of €97.7 million (+0.1% year-on-year).
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 INTRALOT also highlights the following financial aspects:
EBITDA in 1Q22 at €26.1m (+4.9% y-o-y).
NIATMI (Net Income After Tax and Minority Interest) from continuing operations at €-5.7m, vs. €-6.9m a year ago.
Greek entities OPEX better by 12.5% y-o-y.
Operating Cash Flow at €17.3m in 1Q22.
Group Net CAPEX in 1Q22 was €4.3m.
Group Cash at the end of 1Q22 at €98.0m.
Net Debt at €500.6m at the end of 1Q22.
Net Debt/ LTM EBITDA at 4.5x in 1Q22.


On the other hand, the company confirmed to Share Capital Increase of the Company via a rights issue, up to an amount not exceeding 150% of the paid-up share capital. The proceeds will be used to purchase the shares in Intralot Inc. currently not controlled by the parent Group.

On May 23, the Board of Directors of Intralot SA was authorized to determine the terms of the Capital Stock Increase and take all necessary actions.

INTRALOT President and CEO Sokratis P. Kokkalis highlights consolidation of earnings and recovery from the impact of the COVID-19 pandemic.

“On the background of this strongly improved P/L and Balance Sheet, the Company has designed and is about to launch a Share Capital Increase by means of Rights Issue and has secured the commitment of Standard General Master Fund II L.P. as cornerstone investor for the unsubscribed rights in a move that will significantly strengthen our prospects to grasp the tremendous opportunities in the US and the global markets,” he added.


FULL REPORT (PDF)
18+ | Juegoseguro.es – Jugarbien.es
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