Intralotís rapid international expansion and development into a powerful multinational entity with 26 subsidiaries and representative offices in 20 countries worldwide, were the key points stressed by Socrates Kokkalis, Chairman of the Board, during the annual shareholderís meeting today.
Intralot, with a dynamic presence in the Greek and international markets, makes significant investments and creates new job positions. Moreover, the Intralot Group contributes euro 340 million to the state purse through tax payments and social security contributions.
For the second consecutive year, Intralot is ranked 2nd based on sales and 3rd based on net income before tax among lottery suppliers worldwide. Today, the company plays a leading role in the European market and has secured a significant position in the developing Latin American market, while expanding its presence in North America, Southeast Asia and Australia.
In a dynamic and fast growing sector that has recently become part of the entertainment industry, Intralot implements its strategic planning by strengthening its geographic expansion, developing new games and offering them through alternative networks.
The latest trends in the gaming market include the introduction of next generation games, such as fixed odds betting and videolottery games. In terms of the former, Intralot has expanded international operations to include 9 countries and participates in instant lotteries in 6 countries. Intralot is the only European company that has developed integrated systems and terminals for videolottery games and is currently active in Romania while planning to expand its presence in two new markets.
Mr. Constantinos Antonopoulos, CEO of Intralot pointed out that net income in 2003 is expected to exceed euro 90 million, posting a 20% year-on-year increase, while the companyís financial results will be published according to the International Accounting Standards (IAS) from now on. Mr. Antonopoulos also noted that by 2005 the companyís international operations will account for 50% of total turnover.
Lastly, the companyís shareholders approved a dividend of euro 0.76 per share, an increase of 18% compared to 2001. It should be noted that consolidated turnover in 2002 reached euro 319.4 million and pre-tax earnings rose to euro 75 million, results that were within company projections.