New opportunities for the future: Intralot aims for growth despite declining revenue

The company's chairman and CEO expressed confidence in "solid growth" in operating profitability and noted a reduction in debt, which will allow the company to seek new opportunities for growth.

Intralot CEO Sokratis Kokkalis highlighted in his comments on the 2023 results that the company had a successful year despite a 7.3% decline in overall revenue. He emphasized that the increase in operating profitability and the reduction of debt by 32.1% to 333.2 million euros were key achievements in this period.

Recent deals and contracts entered into by Intralot with existing partners demonstrate the company's strategy to diversify its business and expand its geographic reach. In particular, the renewal of the deal with Magnum Corporation and the expansion of the partnership with BCLC into new geographic markets promise to strengthen the company's position in the global gaming industry.

Sokratis Kokkalis expressed confidence that Intralot will continue to pursue "significant business opportunities", which implies possible additional transactions and strategic partnerships in the near future.

Despite some financial challenges, such as an increase in accounts receivable, the company resolved its capital problems by paying off senior notes and raising new financing from Greek banks. This demonstrates financial strength and strategic readiness for further growth.

In the same context, Kokkalis demonstrated his confidence in the future of the company by purchasing additional shares, which will certainly be perceived as a positive signal for investors and the market as a whole.