Novomatic Sales Increased by 10.5% to $2.91bln in 2018
Gumpoldskirchen-based online casino provider Novomatic Group has released the cyphers for the past year, and the results are extraordinary.
Austria’s leading technology developer announced that its sales went up by 10.5% and now exceeding $2.91 billion (€2.61 billion), which is virtually three times the rate of gaming revenue globally.
All Growth
The firm’s yearly Earnings Before Interest, Taxation, Depreciation and Amortisation (EBITDA) did somewhat go down from €561.9 million to €555.6 million on a year-to-year basis compared to 2017, but the decrease is insignificant compared to the growth. The cash flow intensified from €422.3 million to a stunning €483.3 million.
Harald Neumann, Novomatic AG Chief Executive Officer, stated that the “growth was driven by European markets, with results in Germany and Italy being influenced by regulatory measures”, even though the revenue in all core markets rose as well. 63% of the sales came from the gaming operations business, whilst the rest was gained through its gaming technology business.
Novomatic AG Businesses
The Austrian iGaming giants recently became the number one supplier for the new Corona Resort and Casino in Vietnam, providing a host of slot machines (around 200) and 125 electronic table game terminals to the venue.
Regarding international matters, Novomatic’s first man declared that “After rapid growth over the last few years, in particular through the acquisition of other companies, we will continue to optimise internal processes and structures at an international level.”
Near the end of 2018, the company unveiled the new consolidation strategy that was designed to these internal processes and structures globally. It obtained a 52% stake of Australian Ainsworth Game Technology Ltd and bought smaller operators in Germany, the Netherlands, Spain and Eastern Europe. With regards to the staff, the firm employed as many as 23,495 persons last year, which in 2017 totalled 23,004.
At the moment, Novomatic Group operates in over 50 countries and exports to over 70.
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