Reading Time: < 1 minute
Intralot has released its financial results for 2019. The total revenue went down 8% to €720.6 million, compared to €784.4 million in 2018.
The company also revealed adjusted EBITDA reached €68.7m, down 21%. GGR also dropped by 6% to €409.1 million, while its net debt was down to €594.1 million (5%).
The best performing segment was the lottery, as it represented 44% of total revenue for Intralot.
“2019 has been a transition year for Intralot. I have set the cornerstones of the transformation of the Group by implementing a restructuring of our project portfolio through divestments of non-core assets; renewing existing contracts and winning new business with a focus in North America; launching our new products; and optimizing our cost structure,” Sokratis P Kokkalis, Chairman of Intralot Sokratis, said.
“We are prepared to capitalize on our recent investments in building state-of-the-art products and in achieving economies of scale. The transformative power of our technology will play a key role in business innovation and value creation, together with an even more customer-centric new organizational structure,” Christos K. Dimitriadis, CEO of Intralot Group, said.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Intralot Announces Full Year 2019 Financial Results
