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Intralot credits strategic shift for strong first quarter performance

25th May 2017 9:49 am GMT

Greek lottery and gaming solutions provider Intralot says strategic initiatives taken over the past two years are paying off after reporting growth in revenue and improved profitability in the first quarter of 2017.

Group net revenue was up 20.6 per cent to €367.9m, driven by improvements in Europe, the Americas and Azerbaijan, including a negative foreign exchange impact of €8.7m.

In Europe revenue grew by €32.1m as a result of increased sales in Bulgaria and Poland.

The improved performance of [...]

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