Intralot’s revenue rose in Q3 but losses widened
Athens-based gaming and lottery provider Intralot Group reported a net loss from owners of 8 million euros ($9.9 million) in the third quarter of 2014, up from 2 million euros a year earlier.
The company posted consolidated revenue of 424 million euros for the three months ended September 30, up 16.9% from a year ago.
Earnings before interest, taxation, depreciation and amortization (EBITDA) for the period fell 7.9% year-on-year to 42.2 million euros.
The Greek lottery provider posted consolidated revenue of 1.3 billion euros in the first nine months of 2014, up 23.1% from a year earlier.
However, despite strong sales growth, Intralot’s EBITDA fell 8.2% year-on-year to 131.7 million euros in the nine months to Sept. 30. EBITDA, which had a negative foreign exchange impact of 11.6 million euros, “decreased slightly 0.2% year-on-year” to 143.2 million euros in the period, it said on Monday.
“From a financial standpoint, the group continued to grow revenue, maintained EBITDA profits before the forex impact, and stabilized its net debt position,” Intralo CEO Konstantinos Antonopoulos said in a statement alongside the earnings release. 무료슬롯사이트
“In the first nine months of 2014, major existing projects in the United States, Australia and Asia were extended and new projects were successfully implemented,” he said, adding that Intralot will continue to focus on developing the lottery sector.