Modest gains for gaming firm Intralot

Modest gains were revealed by the Intralot first quarter results – the gaming solutions company had revenue at €97.7m, up just 0.1 per cent.

Its EBITDA did slightly better at €26.1m, up 4.9 per cent. A better result came from its Greek subsidiaries, which were up 12.5 per cent.

CEO Sokratis Kokkalis (pictured) said: “First quarter results show a consolidation of gains and recovery from the Covid impact and reflect an improved financial profile, with normalised revenues and a reduction in operational expenses and debt servicing costs consistent with the company’s business plan.”

Intralot announced last month that it planned to approve a share capital increase through a rights issue to buy in shares currently not controlled by the parent group.