{"id":269,"date":"2024-06-28T02:43:56","date_gmt":"2024-06-27T23:43:56","guid":{"rendered":"https:\/\/katscasinonodepositbonuscodes.icu\/2024\/06\/28\/intralot-reports-strong-third-quarter-earnings-driven-by-us-market-growth-and-recovery-from-pandemic\/"},"modified":"2024-06-28T02:43:56","modified_gmt":"2024-06-27T23:43:56","slug":"intralot-reports-strong-third-quarter-earnings-driven-by-us-market-growth-and-recovery-from-pandemic","status":"publish","type":"post","link":"https:\/\/katscasinonodepositbonuscodes.icu\/2024\/06\/28\/intralot-reports-strong-third-quarter-earnings-driven-by-us-market-growth-and-recovery-from-pandemic\/","title":{"rendered":"Intralot Reports Strong Third-Quarter Earnings, Driven by US Market Growth and Recovery from Pandemic"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/JEin79hS6S8\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Intralot, a Greek lottery solutions provider, revealed that its earnings expanded in the three-month period concluding on September 30, 2021, propelled by the restoration of its primary markets from COVID-19 restrictions.<\/p>\n<p>Intralot reported that its earnings climbed by 8.2% annually, encompassing wagering sums on B2C offerings and vendor agreement revenue, reaching \u20ac100.2 million.<\/p>\n<p>The enterprise attributed this expansion to substantial growth in the US market and heightened contributions from Croatia subsequent to the initiation of a fresh agreement. The company also observed indications of business revival from the pandemic in other significant markets.<\/p>\n<p>The majority of this total revenue originated from technology supply accords, accounting for \u20ac56.2 million, with an additional \u20ac33.2 million stemming from licensed B2C operations. Gaming management contracts represented the remaining \u20ac10.3 million in revenue.<\/p>\n<p>Following the disbursement of player winnings from licensed operations, the gross gaming revenue for this segment amounted to \u20ac12.6 million. Incorporating this with \u20ac67.9 million from B2B contracts, the group&#8217;s total revenue reached \u20ac80.5 million, an increase of 8.5%.<\/p>\n<p>The cost of sales for the quarter \u2013 encompassing player winnings and revenue-related expenses \u2013 actually diminished slightly to \u20ac71.4 million. After subtracting these costs from revenue, the company&#8217;s gross profit was \u20ac28.8 million. <\/p>\n<p>Subtracting operational expenditures, earnings before interest and taxes rose considerably to \u20ac6.3 million.<\/p>\n<p>Adding interest, depreciation, and amortization expenses to this figure, earnings before interest, taxes, depreciation, and amortization (EBITDA) reached \u20ac28.3 million, a rise of 49.5%.<\/p>\n<p>Intralot then received a substantial \u20ac42.2 million in income from outside investments, as well as \u20ac46 million in interest and similar income. This resulted in operating profit leaping from a \u20ac13.7 million loss in the third quarter of 2020 to \u20ac67.2 million.<\/p>\n<p>After deducting \u20ac3.7 million in taxes and a small loss from discontinued operations, net profit for the quarter was \u20ac63.5 million.<\/p>\n<p>The robust third-quarter performance propelled year-to-date revenue growth of 24.4% to \u20ac302.8 million, with growth across all major sectors.<\/p>\n<p>Revenue from licensing operations, or wagering amounts, increased by 37.7% to \u20ac94.8 million, driven by improvements in Malta and Argentina, where growth offset particularly weak currency exchange rates.<\/p>\n<p>Technology and support services were the largest contributor to year-to-date revenue, reaching \u20ac173.4 million, which Intralot attributed to strong performance in the United States. Revenue in the region grew 22.9% year-on-year, driven by growth in lottery operations, which was also boosted by a large jackpot in January.<\/p>\n<p>Australia also saw a strong recovery from the COVID-19 pandemic, while recovery in Argentina and the launch of a new contract with Hrvatska Lutrija in Croatia offset declines in sales in other markets. <\/p>\n<p>The most notable expansion was observed in the management agreements, which saw a surge of 65.8% to \u20ac34.6 million, fueled by the success of Turkish sports betting game distributor Bilyoner. The contract earnings of La Marocaine Des Jeux et Des Sports in Morocco climbed by \u20ac3.7 million, while the introduction of lottery sports betting in Washington D.C. and Montana added \u20ac3.3 million to the overall total.<\/p>\n<p>In terms of product classifications, lottery was the primary source of Intralot&#8217;s income, generating \u20ac183.8 million. Sports betting followed closely with \u20ac53 million, trailed by IT products and services at \u20ac36.9 million.<\/p>\n<p>Equine racing contributed \u20ac1.5 million to the group&#8217;s turnover, with the remaining \u20ac27.6 million stemming from video lottery terminals (VLTs).<\/p>\n<p>After subtracting player winnings, gross gaming revenue reached \u20ac244.4 million, marking a 21.2% year-over-year increase.<\/p>\n<p>After deducting the cost of goods sold of \u20ac21,630 million (including payouts to players) from the total turnover of \u20ac30,280 million for the nine months ending September 30, Intralot&#8217;s gross profit was \u20ac8,650 million. After accounting for other income and operational expenses, earnings before interest and taxes (EBIT) amounted to \u20ac17.5 million, a substantial improvement compared to the \u20ac9.2 million loss experienced in the first nine months of 2020. Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached \u20ac82.6 million, nearly double the total for the preceding year.<\/p>\n<p>The rise in investment and interest income profit sharing in the third quarter bolstered Intralot&#8217;s current earnings, leading the company to transition from an operating loss to a profit of \u20ac56.8 million. <\/p>\n<p>Intralots yearly earnings hit 40 million euros for the current year, after accounting for taxes and discontinued operations losses, contrasting with a deficit of 62 million euros during the same period last year.<\/p>\n<p>&#8220;The results for the first nine months show sustained strong operational performance and the positive effects of the capital structure optimization deal reached in early August,&#8221; remarked Sokratis Kokkalis, the company&#8217;s Chairman and CEO.<\/p>\n<p>&#8220;The substantial improvement in cash flow generation and high EBITDA margin, combined with reduced future debt repayment costs, emphasize Intralots fortified overall financial standing and prospects for pursuing fresh growth opportunities through strategic alliances.&#8221;<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Intralot, a Greek lottery solutions provider, revealed that its earnings expanded in the three-month period concluding on September 30, 2021, propelled by the restoration of its primary markets from COVID-19 restrictions. Intralot reported that its earnings climbed by 8.2% annually, encompassing wagering sums on B2C offerings and vendor agreement revenue, reaching \u20ac100.2 million. The enterprise [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Intralot<\/title>\n<meta name=\"description\" content=\"Intralot, a Greek lottery solutions provider, saw its earnings climb 8.2% in Q3 2021, driven by a rebound in key markets and strong US performance.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/katscasinonodepositbonuscodes.icu\/2024\/06\/28\/intralot-reports-strong-third-quarter-earnings-driven-by-us-market-growth-and-recovery-from-pandemic\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Intralot Reports Strong Third-Quarter Earnings, Driven by US Market Growth and Recovery from Pandemic\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Intralot, a Greek lottery solutions provider, saw its earnings climb 8.2% in Q3 2021, driven by a rebound in key markets and strong US performance.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/katscasinonodepositbonuscodes.icu\/2024\/06\/28\/intralot-reports-strong-third-quarter-earnings-driven-by-us-market-growth-and-recovery-from-pandemic\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Immerse Yourself in the Ultimate Casino Adventure | Licensed\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T23:43:56+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/katscasinonodepositbonuscodes.icu\/2024\/06\/28\/intralot-reports-strong-third-quarter-earnings-driven-by-us-market-growth-and-recovery-from-pandemic\/\",\"url\":\"https:\/\/katscasinonodepositbonuscodes.icu\/2024\/06\/28\/intralot-reports-strong-third-quarter-earnings-driven-by-us-market-growth-and-recovery-from-pandemic\/\",\"name\":\"Intralot\",\"isPartOf\":{\"@id\":\"https:\/\/katscasinonodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-27T23:43:56+00:00\",\"dateModified\":\"2024-06-27T23:43:56+00:00\",\"author\":{\"@id\":\"https:\/\/katscasinonodepositbonuscodes.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Intralot, a Greek lottery solutions provider, saw its earnings climb 8.2% in Q3 2021, driven by a rebound in key markets and strong US performance.\",\"breadcrumb\":{\"@id\":\"https:\/\/katscasinonodepositbonuscodes.icu\/2024\/06\/28\/intralot-reports-strong-third-quarter-earnings-driven-by-us-market-growth-and-recovery-from-pandemic\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/katscasinonodepositbonuscodes.icu\/2024\/06\/28\/intralot-reports-strong-third-quarter-earnings-driven-by-us-market-growth-and-recovery-from-pandemic\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/katscasinonodepositbonuscodes.icu\/2024\/06\/28\/intralot-reports-strong-third-quarter-earnings-driven-by-us-market-growth-and-recovery-from-pandemic\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/katscasinonodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Intralot Reports Strong Third-Quarter Earnings, Driven by US Market Growth and Recovery from Pandemic\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/katscasinonodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/katscasinonodepositbonuscodes.icu\/\",\"name\":\"Immerse Yourself in the Ultimate Casino Adventure | Licensed\",\"description\":\"Indulge in the thrill of licensed online gambling through our comprehensive news, detailed game reviews, and informative insights. 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