European lottery and betting firm Intralot has revealed its 2012 fiscal results, noting solid growth during the year.
Key financial indicators for the full year ending December 31st, 2012 were:
Group consolidated revenues up by 14.3% to €1.374 billion.
EBITDA up 15.4% to €177.5 million.
EBT increased by 2.4% to €58.4 million.
EAT-am (Earnings After Taxes and after minorities) were shaped at €6.1 million, down from €17.7 million in 2011.
Cash Flow from operations increased by 39%, reaching €114 million.
Indicators for the fourth quarter of 2012 were:
Consolidated Revenues up by 7.9% reaching €373.1 million.
EBITDA grew by 45.3% at €60.5 million.
EBT increased by 7.5% reaching €25.9 million.
Commenting on his company's performance, Intralot CEO Constantinos Antonopoulos said: "In 2012, we had some significant business developments. Starting with our operations in Europe, we managed to win again a 10-year concession for the operation of the national lottery of Malta, retaining our presence in one of our most important markets."
"In cooperation with SGI we will enter the German sports betting market, one of the largest globally."
"In Greece, where significant reforms in the gaming market are taking place, the consortium in which Intralot is participating was selected as the winning bidder for the acquisition of the exclusive 12-year concession to operate Hellenic Lotteries. Intralot is also participating in the process of the sale of a 33% stake in OPAP from the HRADF and will also participate in the privatisation of the Hellenic Horse Racing Company licence."
"Recently the finalization of the agreement following an international tender regarding the provision of the IT infrastructure and related services for OPAP's central IT system was announced, which is pending approval by the latter's shareholders."
"In the important gaming market of Italy we have recently obtained a 10-year concession to operate AWP and VLT machines."
"In the US, the company started the operation of the important VLT monitoring system in Ohio and obtained a 3-year extension of its contract in Idaho, until 2017."
"Our company in Jamaica achieved a 77% growth in profits in 2012 and we managed to enter the interesting gaming market of Mexico. Our subsidiaries in Peru and Brazil continued to grow their business and in Argentina we managed to extend two State lottery contracts."
"In the Australasia, starting with Taiwan, the consortia which were supported by Intralot have won both the processes for the Lottery and the sports betting contracts. We started operating the very significant VLT monitoring project in Victoria, Australia."
Last, but not least, we closed down our betting operations in Madrid, following our strategy to eliminate under-performing projects."
"We will continue to work hard in the next years to further develop the company based on its proven business model, as numerous opportunities but also challenges are expected to arise in the global gaming market."