Q4 2018 Intralot Integrated Lottery Systems & Services SA Earnings Call Transcript
Ladies and gentlemen, thank you for standing by. I am Galea, your Chorus call operator. Welcome and thank you for joining the INTRALOT conference call to present and discuss the fourth quarter 2018 financial results. (Operator Instructions) And the conference is being recorded. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Sokrates Kokkalis, Chairman and CEO. Mr. Kokkalis, you may now proceed.
Good afternoon, good morning, gentlemen and ladies. The reported revenue of '19 -- of '18 about earnings points to the need for a wide reorganization of our production and operational capabilities towards significant cost reductions and operational efficiencies. We are currently conducting management reshuffle in order to design and implement a new cost-reduction plan with better synergies between divisions and between headquarters and subsidiaries. INTRALOT has grown in the last years to become a leader in lottery and Sports Betting
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