GGR included €21.0m from licensed B2C activities, up by 52.2%. Malta revenue contributed €15.4m of this, while Argentina operations made up the remaining €5.6m. accounts for the amount wagered and the amount paid out to winners. The remaining €142.9m of GGR came from B2B and B2G activities.
Group´searnings before interest, taxes, depreciation and amortization (EBITDA) were at €54.3m, marking a 107% rise.
Turnover, which is the revenue from B2B and B2G deals along with the total amount wagered for B2C operations, amounted to €202.6m. This was a rise of 34.4% compared to H1 2020, a period affected by the COVID-19 pandemic.
Technology and support services made up a majority of the turnover at €117.2m, an increase of 18.7% year-on-year. Turnover from management contracts totaled at €24.2m, a sizable increase of 105.1% yearly, while licensed operation turnover came to €61.2m.
Lottery games contributed the most to revenue with €120.1m, followed by sports betting at €37.0m. Meanwhile, technology contracts made up €24.7m, while video lottery terminals contributed €19.2m. Finally, racing constituted €1.0m.
Just before the H1 period ended, Intralot completed the sale of its 80% stake in Intralot do Brasil to SAGA for a total cash consideration of €0.7m.
Sokratis P. Kokkalis, Intralot’s Chairman and CEO, commented: “These financial results, in combination with the completion of Intralot’s debt restructuring in the beginning of August, set the company in a stable course to fulfil its potential in its key markets, build new partnerships, and tap on new opportunities under its new, significantly deleveraged capital structure, with a leaner operating model.”
Source: GMB / iGB
