Intralot announced a pre-tax profit of €5.4 million for Q1 2024, with net profit after tax and minority interests of €3.9 million.

According to the company, the group's revenues in Q1 2024 totaled €85.1 million (-4.8% year over year, including the €-6.7 million impact due to an exchange rate change in Argentina in December 2023).

In the same period, EBITDA profit stood at €30.1m (-10.7% year-on-year), while the EBITDA margin was maintained at 35.4%, i.e., at the same level as 35.6% as of 31.12.23.

EBT amounted to €5.4 million in Q1 2024, and NIATMI (Net Profit/Loss after Taxes and Minority Rights) stood at €3.9 million.

Operating cash flow for Q1 2024 amounted to €27.1 million. Group investments in Q1 2024 amounted to €6.8 million. Group cash and cash equivalents at the end of Q1 2024 amounted to €190.1 million, up €78.2 million compared to December 2023.

Adjusted net borrowings amounted to €329.5 million at the end of Q1 2024, down €3.7 million compared to December 2023 and down €142.1 million compared to Q1 2023. The adjusted net leverage ratio at the end of Q1 2024 was 2.6x. In the corresponding period last year, the net leverage ratio was 3.6x.

On April 9, 2024, Intralot Capital Luxembourg SA completed the early total repayment in principal of a total amount of €99,568,000, plus interest, of the 5.250% bonds due in September 2024.

On May 26, 2024, the British Columbia Lottery (BCLC) in Canada started operating with the new LOTOS X central system. Following the revision of the stock market indices of the Athens Stock Exchange, Intralot's share will be listed on its General Price Index as of June 25, 2024.

President Mr. Socrates P. Kokkalis, stated: "During the first quarter of 2024, the Group completed the refinancing plan for the 2024 Notes due 2024 through the issuance of a CSE-traded bond and a syndicated loan with five Greek banks, on terms more favourable than in the international markets. At the same time, the first quarter results confirm the company's stable performance and the consolidation of key financial ratios at the desired levels, while the company is claiming a number of important projects in North America, Australia, and Brazil.".