In a written statement issued last week, Novomatic AG said its annual earnings before interest, taxation, depreciation and amortisation (EBITDA) eased slightly to €555.6 million in 2018 from €561.9 million the year before.
Novomatic AG said its revenue in all its core markets increased, but “growth was driven by European core markets, with results in Germany and Italy being influenced by regulatory measures”, said Novomatic chief executive Harald Neumann.
The company said 63% of its sales revenue was from its gaming operations business, which runs gaming machines around the globe, and the rest was from its gaming technology business.
At the international level, Neumann said there was strong potential in the consolidation begun in 2018 with a view to creating maximum synergy between the various holdings of the company.
“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,” Neumann was quoted as saying in prepared comments with the results announcement.
The company has expanded rapidly in recent years, including taking a 52% stake in Australian slot machine maker Ainsworth Game Technology. In the 2018 fiscal year, Novomatic bought smaller operators of gaming facilities in Germany, the Netherlands, Spain and Eastern Europe, predominantly gaming halls, bars and betting businesses.
Source: GMB / GGR Asia
