INTRALOT Announce Financial Results for the Nine-Month Period Ended September 30th, 2023

November 25, 2023 | Financial

“INTRALOT announces Earnings €9m with 15% EBITDA growth at €101m and operating cash flow growth 44% at €97.6m y-o-y in 9M23”

ATHENS, Greece (November 24, 2023) — INTRALOT SA (RIC: INLr.AT, Bloomberg: INLOT GA), an international gaming solutions and operations leader, announces its financial results for the nine-month period ended September 30th,2023, prepared in accordance with IFRS.

OVERVIEW

Group Revenue at €280.0m in 9M23 (-7.2% y-o-y).
EBITDA at €101.0m (+14.7% y-o-y) in 9M23, with EBITDA margin reaching 36.1% from 29.2% in 9M22. On a quarterly basis, 3Q23 vs. 3Q22, EBITDA posted an increase of 15.9%.
LTM EBITDA rose to €135.8m, up by 10.5% vs FY22.
EBT in 9M23 shaped at €32.1m vs. €19.4m in 9M22.
NIATMI (Net Income After Tax and Minority Interest) at €9.0m, vs. €-0.5m a year ago.
Operating Cash Flow at €97.6m in 9M23 (+44.1% y-o-y).
Group CAPEX in 9M23 was €22.2m.
Group Cash at the end of 9M23 at €122.0m.
Net Debt at €458.2m at the end of 9M23, lower by €32.3m vs. Dec-22 and €51.5m vs. 9M22.
Net Leverage ratio at 3.4x in 9M23 vs. 4.0x in FY22 and 4.4x the respective period last year.
On a pro-forma basis after the completion of the Share Capital Increase of €135.0m, Group Equity stands at €49.0m and Net Leverage
Ratio at 2.4x. Gross Debt stands at €454.2m after repayment of €126.0m.
On October 30, 2023, INTRALOT announced the successful completion of Share Capital Increase by raising funds of a total amount of €135,000,000.18 and the issuance of 232,758,621 new, common, dematerialized, registered, voting shares, with a nominal value of €0.30 each.
On October 31, 2023, INTRALOT announced the extension of its agreement with OPAP from 01.08.2025 till 31.07.2026. INTRALOT and OPAP further agreed to grant OPAP the right to exercise two further one-year extension options, under the same terms, to 31.07.2027 and 31.07.2028 respectively.
On November 8, 2023, the New Shares raised from the Share Capital Increase were admitted and commenced to be traded in the Main Market of the Athens Stock Exchange, while the same day the shares of the Company were transferred from the surveillance segment to the Main Market of the Stock Exchange.
On November 15, 2023, INTRALOT announced that its 100% subsidiary INTRALOT CAPITAL LUXEMBOURG SA completed the early partial redemption of €126,000,000 in principal amount, plus accrued interest, of the outstanding 5.250% Notes due September 2024, with previous outstanding balance of €355,568,000.