The financial results of the Intralot Group recorded a significant improvement in the nine months of the current year.
In particular, during the nine months of 2021, the Group’s revenues amounted to € 302.8 million (+ 24.4% on an annual basis).
During the same period, EBITDA profits amounted to € 82.6 million (+ 82.5% on an annual basis). During the Last Twelve Months (LTM), EBITDA profits amounted to € 103.2 million, marking an increase of 56.7% compared to the twelve months of 2020 from continuing operations.
NIATMI (Net Profit / Loss after Taxes and Minority Interests) from continuing operations amounted to € 44.5 million profit, compared to a loss of € 60.4 million in the corresponding period last year, affected by its one-off profit balance sheet restructuring transaction of € 88.5 million (profit € 43.0 million from the exchange of 34.27% of the share capital of Intralot US Securities BV, indirectly parent company of Intralot Inc., with the bondholders of SUNs maturing in 2024 controlling € 118.2 million of their nominal value and a profit of € 45.5 million from the refinancing of the bonds maturing in 2021).
Our activities under INTRALOT Inc. in the USA. recorded very strong growth on an annual basis (Turnover + 26.3%, EBITDA + 63.5%) during the nine months of 2021.
The operating expenses of the Group companies in Greece are reduced by 20.4% on an annual basis, excluding the expenses related to the optimization of the capital structure.
Operating Cash Flows for the nine months of 2021 amounted to € 84.2 million (+ 196.9% on an annual basis).
The Group’s Net Investments during the nine months of 2021 amounted to € 17.7 million, reduced by 36.3% on an annual basis.
The Cash and Cash Equivalents of the Group at the end of the nine months of 2021 amounted to € 90.3 million.
Net Lending amounted to € 501.2 million at the end of the nine months of 2021, down by € 149.9 million compared to the twelve months of 2020.
The Net Debt / LTM EBITDA index is 4.9x compared to 6.9x in the first half of 2020.
Total Lending is reduced by € 137.9 million compared to June 2021 and by € 159.6 million compared to December 2020.
The impact of the COVID-19 pandemic at the EBITDA level of the Group was reduced to close to € 3.0 million for the nine months of 2021.
The President and CEO of the INTRALOT Group, Mr. Socrates P. Kokkalis, stated: “Cash flow and high EBITDA margins, further enhanced by reduced future borrowing costs, further strengthen INTRALOT ‘s overall financial profile and prospects for new growth opportunities through strategic partnerships.”
.
Source From: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
