Intracom Group recorded profitability in 2023, with a net profit of €18.3 million from all its activities. Intracom Holdings (the parent company) recorded total operating income of € 8.6 million and a profit before tax of € 14.1 million, which includes gains from the valuation of its investments and impairments of investments and real estate. The €20.5 million gain on the valuation of its Intralot stake was a significant factor in determining the pre-tax profit, in particular. Similarly, 'Other Income' recorded a gain of € 23.4 million mainly from the valuation of Intracom Holdings' stake in Intrakat (net of tax).

KEY FIGURES

- aggregated total income: €38.3 million,

-strong liquidity of € 162.8 million,

- value of holdings in listed companies (29/12/2023): € 122.7 million.

profitability, with €18.3 million net profit from all activities,

- total assets of € 489.1 million.

enhanced equity at € 381.3 million.

INTRACOM HOLDINGS' holdings in INTRALOT with 7.1% and in INTRACOM HOLDINGS with 5.09%, recorded significant goodwill of € 20.5 million and € 26.8 million respectively, contributing significantly to the strengthening of the parent company and the Group's figures. 

The Board of Directors of the Company will recommend to the Annual General Meeting the return of € 0.12 per share for the third consecutive year, in the context of a constant return to shareholders.

Socrates Kokkalis, President and CEO of INTRACOM Group, commenting on the results, says: "We have successfully implemented an ambitious structural transformation that gives us special prospects in a modern, competitive, and rapidly changing national and international environment. The new subsidiaries that are now part of the Intracom Group are the operational pillars of the Group's investment plans, with targeted moves, in a new beneficial period, making the best use of its assets and achieving broader surpluses".