Intralot reports YoY revenue rise in H1 as lottery game sales reign supreme

Intralot reports H1 2022 results
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Intralot SA has outlined the importance of its lottery division after announcing its financial results for the first half of 2022.

For the six-month period ending June 30, the Athens-listed gambling technology group generated €204.8m in total revenue, a 1.1% increase from the same period last year (H1 2021: €202.6m).

Of its H1 total revenue, €107.2m was generated in Q2, an increase of 2% YoY (Q2 2021: €105.1m).

It was reported in May that the firm generated €97.7m in Q1 for the period ending March 31.

Once again, sales from lottery games proved vital to the group’s results in H1 – 64.1% of its revenue derived from this, while video lottery terminals accounted for an 11.2% share, making this channel the third highest contributor.

Reported consolidated revenue for the six-month period was higher by €2.2m YoY, with Intralot attributing higher revenue in Argentina, Australia and Croatia as some of the main factors, alongside lower revenue in the US and Malta.

Chairman & CEO Sokratis P. Kokkalis noted: “Intralot has recently completed a series of strategic transactions that included a share capital increase of €129m with the participation of a new cornerstone investor, the gaining of control of 100% of Intralot Inc. in the US, and the refinancing of $254m of notes issued by Intralot Inc. via a new term loan and RCF.

“These events, in combination with continuing strong performance as reflected in the first half results, puts Intralot in a stable course to tap new strategic opportunities in developed markets.”