May 27, 2022 – INTRALOT SA (RIC: INLr.AT, Bloomberg: INLOT GA), an international gaming solutions and operations leader, announces its financial results for the three-month period ended March 31st, 2022, prepared in accordance with IFRS.


  • Group Revenue at €97.7m in 1Q22 (+0.1% y-o-y).
  • EBITDA in 1Q22 at €26.1m (+4.9% y-o-y).
  • NIATMI (Net Income After Tax and Minority Interest) from continuing operations at €-5.7m, vs. €-6.9m a year ago.
  • Greek entities OPEX better by 12.5% y-o-y.
  • Operating Cash Flow at €17.3m in 1Q22.
  • Group Net CAPEX in 1Q22 was €4.3m.
  • Group Cash at the end of 1Q22 at €98.0m.
  • Net Debt at €500.6m at the end of 1Q22.
  • Net Debt/ LTM EBITDA at 4.5x in 1Q22.
  • On April 26, 2022, INTRALOT announced that it will convene a shareholders’ meeting to approve a Share Capital Increase of the Company via a rights issue, up to an amount not exceeding the 150% of the paid-up share capital. The proceeds will be used to purchase the shares in Intralot Inc. currently not controlled by the parent Group. To this end a binding Sale Purchase Agreement has been signed with the minority shareholders controlling 33.2m shares of Intralot Inc. for a price of €3.65 per share, conditional upon successful completion of the Share Capital Increase. INTRALOT announced that it has signed a binding MOU with Standard General Master Fund II L.P., according to which Standard General will purchase all unallocated shares in the Share Capital Increase, up to a number not exceeding one third of the total voting shares of Intralot SA for up to €0.58 per share.
  • On May 23, 2022, an extraordinary Shareholders’ Meeting provided authorization to the Board of Directors of Intralot SA to determine the terms of the Share Capital Increase and undertake all necessary actions.

Note: Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals.

For further information on INTRALOT’s financial results for the three-month period ended March 31, 2022, please download the comprehensive report listed below.