The company reported that its European revenue increased by € 32.1 million, thanks to strong sales in Bulgaria and Poland and also reported additional revenue growth of € 16.5 million in its American operations.
Gross profit jumped 7.3% from € 58.9 million in Q1 2016 to € 63.2 million for the first three months of 2017.
In an accompanying statement, Intralot Chief Executive Antonios Kerastaris said: "Robust revenue growth and improved profits registered in Q1 2017 are driven by our strategic decisions to focus on key markets as well as products & services portfolio diversification.
"All the transformational initiatives undertaken
over the last two years are depicted both at profit and cash-flow levels,
considerably improved from a year ago. With a significantly improved financial
structure and operational performance, we are also reaping the fruits of lower
debt servicing costs and enhancing our credit grade outlook by rating agencies
that boost our confidence going forward,” Kerastaris added.
Source: GMB / Gambling Insider
