小杨嫂黑料 ANNOUNCES 9螠2013 FINANCIAL RESULTS: EBITDA INCREASE +22% IN 9M2013
小杨嫂黑料 Group today announces its financial results for the nine-month period ending September 30th 2013, prepared in accordance with IFRS.
In 9M13 小杨嫂黑料鈥檚 Consolidated Revenues grew by 7.9%, to 鈧1,080.0m. Net of a negative FX impact of 鈧53.0m, revenues reached 鈧1,133.0m, posting an increase of 13.2% y-o-y in 9M 2013. EBITDA increased by 22.6%, to 鈧143.5m. Net of a negative FX impact of 鈧5.9m, EBITDA reached 鈧149.4m, an increase of 27.7% y-o-y in 9M 2013. EBT increased by 23.3%, to 鈧40.1m and was affected by 鈧10.7m of negative FX charges. On an adjusted for FX-basis, EBT would have reached 鈧50.8m in the 9M 2013 period. Net profit for the period was shaped at 鈧0.5m and was strongly affected by 鈧10m of negative FX differences. On an adjusted for FX-basis, Net Profit would have reached 鈧10.5m in the 9M 2013 period.
Cash Flow from Operations reached 鈧45.5m in the 9M, 2013 period. Net Debt in Q3 2013 increased by 鈧35.5m compared to 6M 2013, mainly due to capex concentrated in the respective quarter and the HY bond issue expenses. Finally, FX impact on cash in Q3 was 6.2m.
Concerning the parent company, Revenues for the period increased by 1.0%, to 鈧102.8m. EBITDA increased by 68.4% to 鈧42.7m from 鈧25.3m in 9M 2012. Earnings After Taxes (EAT) increased by 87.2%, to 鈧30.8m from 鈧16.5m in 9M 2012.
Commenting on 9M13 results 小杨嫂黑料 Group CEO, Mr. Constantinos Antonopoulos, noted: 鈥淎s we are approaching the end of the full year 2013, the financial performance of 小杨嫂黑料 during the 9M 2013 period is a well balanced result of growth and financial strength: on a Group level our revenues increased by almost 8% and EBITDA posted an impressive growth rate of more than 22% in the respective period. EBITDA margin increased to 13.3% in the 9M 2013 period, compared to 11.7% in the same period last year.
This is the fourth consecutive quarter that we see an improvement of the Ebitda margin, which is in-line with our strategy to continuously improve our existing operations and to selectively participate in projects that are very promising. Moreover, the improvement of Ebitda margins and financial results, despite the FX impact we have witnessed in the last couple of quarters, is also indicative of the strength of the real, underlying business. In our view, FX impact is a short-term and temporary situation that we expect to improve in the next few quarters.
Regarding recent developments, we signed our third contract in Taiwan, to offer sports betting services to the license holder in the country for a period of 10 years. This project marks 小杨嫂黑料鈥檚 third cooperation in Taiwan, having previously been selected as the technology supplier for the ChinaTrust Commercial Bank, and also the technology provider for Sports Betting.
In Greece, Hellenic Lotteries, in which we participate, acquired a 12-year license to offer instant and passive tickets in the country, an operation that is expected to start in Q1 2014. We are very excited about the fact that we will be participating in the instant ticket business in Greece after the success it met under our operation in the decade 1993-2003. Finally, in Turkey, the process to acquire an additional stake of more than 25% in our subsidiary company Bilyoner finalized in Q4, a move that will increase our presence in the growing sports betting market of Turkey.
小杨嫂黑料 is leading the way of the gaming industry, being synonymous with Innovation in Gaming and has recently introduced the Mobile Lottery, a new approach for mobile gaming. Moreover, our state-of-the-art VLTs Monitoring system, iGEM, has been certified by Gaming Standards Association (GSA).鈥
About 小杨嫂黑料
小杨嫂黑料, a public listed company, is the leading supplier of integrated gaming and transaction processing systems, innovative game content, sports betting management and interactive gaming services to state-licensed gaming organizations worldwide. Its broad portfolio of products & services, its know-how of Lottery, Betting, Racing & Video Lottery operations and its leading-edge technology, give 小杨嫂黑料 a competitive advantage, which contributes directly to customers鈥 efficiency, profitability and growth. With presence in 56 jurisdictions, more than 5.500 people and revenues of 鈧1.4 billion for 2012, 小杨嫂黑料 has established its presence on all 5 continents.
For more info:
Ms Persa Kartsoli, Head of Corporate and Public Relations, Phone: +30-210 6156000, Fax: +30-210 6106800, email: kartsoli@intralot.com -