Novomatic breaks €2bn revenue barrier for the first time

Novomatic breaks €2bn revenue barrier for the first time

The latest company within the industry to post a financial report is Novomatic, which has broken its revenue record for the full year 2015, moving past €2bn for the first time.

A total of €2.09bn revenue was reported, up 6%, though there was a 20% drop in annual profit to €220.7m.

EBITDA was down 5% to €616.7m and the EBITDA margin dipped to 29.6% from 32.7%, while earnings before tax downturned by 14% to €318.5m.

Operating profit was €325.4m, representing a fall of 10%.

When dissecting the revenue increase, the provider said the largest upturn in this area came from rental revenues, which improved by 8% to €594.7m.

Betting revenues (+€19.4m), gaming machine revenues (+€18.7m) and sales revenues (+€13.1m) all grew at lower levels.

A highlight of the year came when Novomatic grew its presence in the Netherlands by acquiring Dutch gaming machine companies JVH Exploitatie and JVH gaming products B.V., through its Austrian Gaming Industries subsidiary in April.

The publishing of Novomatic’s annual figures came in the same week that NYX Gaming Group revealed a 91% revenue increase to CAD$52.3m (€36.5m) and an 86% gross profit growth to CAD$44.8m.

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