Intralot reports 20% revenue increase in 2021

Intralot reported €414 million in revenue for the full year 2021, an increase of 20%, contributing to the company’s continued recovery from the period affected by the Covid-19 pandemic.

As pandemic restrictions have been lifted in several jurisdictions throughout 2021, Intralot’s gross gaming revenue (GGR) has experienced a healthy recovery.

Along with ongoing expansion efforts in the US and elsewhere, the company’s revenue grew to €335.3 million, up 17.5% from €285.4 million in 2020.

Intralot attributed this jump primarily to an increase unrelated to payments. This amounted to €285.7 million for an increase of 16% compared to the previous year.

Operations in the United States leveraged Intralot’s revenue

The company said this growth was primarily driven by “higher revenue contribution” from its US operations and “better performance from Billioner and Morocco” as well as “improved performance in most key regions”.

Second, Intralot’s payment-related gaming revenue from the company’s licensed operations reached €49.6 million, up almost 27% from €39.1 million in 2020. group, was mainly driven by the impact of the pandemic in 2020.

While revenue increased on an annual basis, so did operating expenses. They ended 2021 at €101.6 million, up 10% on 2020, when operating expenses totaled €92.4 million.

However, EBITDA (earnings before interest, taxes, depreciation and amortization) also rose to €110.4 million, up almost 67% from €66.2 million in 2020.

“The successful completion of the capital structure optimization in August 2021, resulting in the extension of the 2021 maturities and the significant drop of €163 million, was an important milestone for Intralot, providing us with the lead to address significant opportunities in the US and worldwide in the coming years in the areas of lottery, sports betting and monitoring,” said Intralot President and CEO Sokratis P. Kokkalis.