INTRALOT Group, a company famous for providing gaming products and services on a global scale, released a report about its full-year financial performance for the 2014 fiscal year ended December 31st.
During the reported period, the company’s consolidated revenue marked a considerable increase of 20.4%, or EUR 313 million. In 2013 fiscal year it totaled €1,539.4 million.
As far as EBITDA is concerned, a decrease amounting 10% was reported and it reached €175.4 million. Adjusted EBITDA for write-offs amounted €185.6 million.
During the previous fiscal year cash flow operations jumped by more than 17% to reach €95.4 million. In comparison, the cash flow in 2013 was €81.3 million. The net debt in 2014 amounted to €381.4 million. Estimates show that the decrease was €19.9 million YOY.
As for the revenue generated by the parent company of INTRALOT a decrease of 43.2% was reported and it reached €85.7 million. EBITDA also declined and totaled €20.1 million. In comparison, in 2013, it was estimated to have been €23.1 million, or down 13.3% year-on-year.
Mr. Antonios Kerastaris, the Chief Executive Officer of INTRALOT, was reached for a comment and said that during the 2014 fiscal year the company put a lot of efforts into the cash flow generation. This move was expected to improve the net debt position with 20 million while keeping the EBITDA unchanged.
Company’s head also emphasized that INTRALOT expanded its business in Azerbaijan where the company was given a 10-year license that allows INTRALOT to provide horse racing games.
The company has already been given the green light to offering sports betting and greyhound games in Azerbaijan. Yet, the availability of horse racing games improves INTRALOT chances of becoming a leader on the gambling market.
Mr. Kerastaris also announced that INTRALOT was given the nod to offering sports betting activities until 2025 and apart from that, company has enhanced the facilities it offers in Morocco.
According to INTRALOT’s CEO, the gambling market in Morocco is an emerging one that has the potential to become a really profitable one.
INTRALOT has also made attempts for adopting an effective strategy for improving its B2C business operation model with the aim of becoming more competitive and appealing to customers by offering a wider variety of products.
