INTRALOT just shared its full-year 2024 financials, and things are up. The company posted higher revenue and a solid EBITDA margin. One key highlight: the INTRALOT revenue growth came in at 3.4% year-over-year.
Total revenue for FY24 reached €376.4 million, showing a 3.4% year-over-year increase. The company attributed part of this growth to strong performance in North America. North America also helped power gains in high-margin areas.
Adjusted EBITDA (AEBITDA) came in at €130.7 million, a 1.0% rise from the previous year. The EBITDA margin hit 34.7%. Fourth-quarter performance stood out, with a 38.0% jump in AEBITDA versus Q4 2023.
EBT (earnings before taxes) for the year stood at €18.0 million. Net income after tax and minority interest was reported at €4.9 million. Operating cash flow landed at €87.2 million.
INTRALOT spent €37.5 million in capital expenditures in 2024. Its year-end cash position was €88.5 million, including restricted cash under loan agreements. Adjusted net debt was €355.7 million, with a leverage ratio of 2.7x.
On February 20, 2025, INTRALOT’s US subsidiary signed a 5-year deal with Nebraska’s Charitable Gaming Division. The contract includes an option for up to eight more years. The deal focuses on a real-time monitoring and reporting system for Cash Devices statewide.
INTRALOT Chairman Sokratis P. Kokkalis stated: “INTRALOT’s performance for 2024 has been positively impacted by very strong performance in the last quarter driven by strong revenue growth from North America.” He added that the company is targeting new opportunities globally.
INTRALOT expanded online lottery operations in Canada and extended key contracts in Europe and Australia. The company says it will keep targeting high-margin projects. INTRALOT revenue growth remained a focus area across markets.
Find more news here www.ogqnews.com/category/news/ and find the OGQ Data Magazine via www.quarterly.og-q.com
powered by