Athens Times

Intralot: Net Profit at EUR 5,8 million for 2023

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An increase of 5.4% announced by 2023 compared to 2022, with the net reaching 5.8m euros, according to the company’s financial results. More specifically, Intralot’s EBITDA profits increased by 5.4% in 2023, reaching 129.5m euros, while in 2022 the EBITDA margin rose to 35.6% from 31.3%. EBT profits amounted to EUR 33.6 million in 2023 compared to EUR 29.8 million in 2022. On the basis of the results of the group, the revenues of the Intralot were set at EUR 364 million by a 7.3% reduction compared to the revenues of 2022. In addition, the operating cash flow for 2023 was EUR 112,5 million, showing an increase of 16.9% over 2022 and the group’s investments amounted to EUR 29,7 million for 2023. At EUR 111,9 million, the group’s cash and equivalent amounted to EUR 2023, 9,5 million higher than the corresponding period of 2022. Net lending amounted to EUR 333,2 million at the end of 2023, reduced by EUR 157,2 million compared to December 2022. Finally, the net leverage ratio was set at 2.6x at the end of 2023 versus 4.0x in 2022. The final outcome of the public tender of the bonds was announced on 27.2.2024 with the total valid demand of EUR 201,87 million. The wide response of the investment audience resulted in the public offer being covered by 1.55 times and all participating investors reaching 5.467. At EUR 130 million, the proceeds of the public supply from the issue amounted to approximately EUR 124,5 million, while 28.02.2024 was designated as the starting date of the 130,000 bonds. The signing of a new deal with Magnum Corporation Sdn Bhd, a leading gambling company in Malaysia, Intralot announced on 1 March 2024. This agreement is the result of the successful outcome of an international competition procedure announced by Magnum Corporation in 2022. The new agreement will have seven years, with the right to two extensions of five years each. On 19 March 2024, Intralot announced that the maturity of the loan signed by its subsidiary in the US Intralot, Inc. on 28 July 2022 with KeyBank National Association Inc. as the Operator Bank and with a Consortium of Banks in the US was extended for an additional year. The above loan now expires on 27 July 2026, while its remaining terms remain unchanged.