GGRAsia – Novomatic AG expects US$2.2 bln revenue in 2015

Novomatic AG expects US$2.2 bln revenue in 2015

Feb 05, 2016 Newsdesk Latest News, Top of the deck, World

Austria’s Novomatic AG expects to “break through the threshold” of EUR2 billion (US$2.2 billion) in revenue for the first time in financial year 2015, says the firm’s chief executive, Harald Neumann.

The gaming equipment supplier says that according to preliminary data, accumulated total turnover for 2015 generated by its three holding companies totalled EUR3.9 billion.

The figures were revealed during a press conference at the International Casino Exhibition (ICE) 2016 in London, Novomatic said in a press release.

“In the course of the current financial year and due to the changes in the regulatory framework in Germany we will enhance our presence as an operator with the acquisition of further venues in this important market,” Mr Neumann said at the press conference.

“In addition, we also intend to expand our market share in further key markets such as the U.K. and Spain through acquisitions,” he added.

Novomatic additionally said it would focus on diversification of its business activities in the future, including in the lottery and sports betting segments.

During the fiscal year 2014, Novomatic increased its sales revenues to EUR1.97 billion. The largest increase was achieved in the gaming machine segment, with revenues of EUR883.5 million, according to the firm’s corporate website.

The gaming supplier in August reported record first-half revenue of EUR988.2 million, up by 5 percent from the prior-year period. Revenues from both the gaming technology and gaming operations segments went up in the period, the firm said.

Novomatic operates more than 235,000 gaming devices and video lottery terminals in more than 1,600 outlets including gaming parlours and casinos, according to the press release. It sells equipment and offers machines on a rental basis to some operators, including in Asia Pacific markets, such as the Philippines.

In December, the Austria-based gaming supplier announced that over the next three years it will only attend one of the two annual gaming trade shows currently taking place in Macau. Novomatic said it had decided to commit itself to the Macao Gaming Show and would not be attending Global Gaming Expo (G2E) Asia.