Intralot ‘rebounds’ to 67% EBITDA

A “strong rebound” in key markets after the easing of the pandemic measures has been a key element in a sharp upturn in Intralot’s annual accounts.

The company reported that the optimising of its capital structure last year also had a significant deleverage which helped the company expand more rapidly.

Intralot showed group revenues up 20 per cent at €414m for the year to the end of December 2021. EBITDA was €110.4m, up just short of 67 per cent. It also reported its Greek interests in OPEX up 19.4 per cent and group debt down €153m compared with 2020 at €497.2m.

CEO Sokratis Kokkalis said: “We can now address significant opportunities in the UK and worldwide in key markets. The 2021 results set the company in a stable course to tap on new opportunities.”