INTRALOT Sees 3.4% Revenue Increase to €376.4M, Adjusted EBITDA Hits €130.7M in Fiscal Year 2024

The company reported a 3.4% increase in revenue, reaching €376.4 million, and an adjusted EBITDA of €130.7 million, demonstrating sustained profitability with a margin of 34.7%.

This year's financial success was largely driven by INTRALOT's strategic focus on high-margin activities and expansion into new territories. Notably, the company's performance in North America was exceptionally strong, contributing significantly to the top-line growth. This was further enhanced by a new five-year contract with the Nebraska Department of Revenue to provide a real-time monitoring and reporting system for cash devices, reflecting the company’s strength in securing substantial contracts in competitive bidding processes.

The Adjusted Net Debt stood at €355.7 million at the end of FY24, maintaining a net leverage ratio of 2.7x. This stability in financial structuring is part of INTRALOT’s broader strategy to balance growth with sustainability, focusing on generating robust cash flows while optimizing capital expenditure, which amounted to €37.5 million for the year.

INTRALOT's operational highlights of the year include the renewal and expansion of key contracts in core markets such as Australia and the launch of new projects in Canada, where the company is set to digitize the existing land-based lottery network. These initiatives underscore INTRALOT’s commitment to leveraging its technological capabilities to enhance player engagement and expand its market footprint.

Looking ahead, INTRALOT is well-positioned for continued growth in 2025, with a strategic plan that emphasizes technological innovation, operational efficiency, and expanding its global presence in the gaming sector. The company remains focused on navigating market fluctuations effectively and seizing new opportunities in an evolving industry landscape.