NOVOMATIC: Sales and employee record in the first half of 2017

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
Font size:
Print Friendly, PDF & Email

NOVOMATIC, Europe’s leading gaming technology group, achieved record sales figures in the first six months of the 2017 financial year and the highest number of employees in the company’s history.

In the first six months, the sales of NOVOMATIC AG rose by 11.3 percent to EUR 1,218.7 million (first half-year 2016: EUR 1,094.9 million). This development is mainly due to a significant increase in the electronic slot machines operated by NOVOMATIC worldwide.

Compared to the same period in the previous year, the number of self-operated sites (including casinos, sport betting outlets and bingo operations) increased from about 1,800 to almost 2,100. Operated gaming machines also achieved a new record with an increase of about 9,000 machines to currently 70,700 machines.

The growth of the Group in the first half of the year was driven by acquisitions made primarily in the core markets of Germany and Spain. Among others, the Casino Royal Group in Germany and Basque Gaming in Spain were acquired. Other small corporate acquisitions took place, e.g. in Spain, Italy and the Netherlands.

“These future-oriented investments ensure the strong position of NOVOMATIC in the global market for the long-term. The current half-year figures with record sales show that we are on the right track with our international growth strategy. This is also exactly what we will pursue in the future.”

NOVOMATIC CEO, Mr. Harald Neumann

 

The acquisitions made in the first half of 2017 amounted to EUR 115.4 million. The largest acquisition accounted for EUR 44 million in the German market for Casino Royal, followed by EUR 39.8 million in Eastern Europe (EE) with the acquisition of majority interests in four Polish companies.

In the first half-year, the EBITDA amounted to EUR 282.5 million and thereby was just EUR 4.7 million below the level of the previous year. The number of employees rose to a historically high figure of 26,336, representing a growth of 2,487 persons compared to the end of 2016.

Tagged under

Leave a Reply

Your email address will not be published.

About us

E-PLAY Online Gambling Guide is the best source of whole information about entertainment and gambling online market. 15 years of experience supported by our team of gambling specialists and cooperation with partners from around the world is the warranty of best choice to everyone who is interested in online gambling!

ARCHIVE

Facebook

Twitter

Menu Title