Novomatic forecasts record €4.8bn revenue

Novomatic has said that it expects to post a record €4.8bn ($5.89bn) in revenue for the 2017 fiscal year.

Initial calculations place the amount ahead of last year’s confirmed revenue of €4.4bn, representing an increase of 10% year-on-year.

Novomatic also revealed that it was able to boost its staff headcount to a record high of 29,500 employees.

The company put its success in the last year primarily down to its ongoing focus on strategic acquisitions – a strategy it continued this year with the purchase of a 52% stake in Australian gambling company Ainsworth Game Technology (AGT) last month.

Harald Neumann, chief executive of Novomatic, said: “Having grown a lot over the past few years, we will this year focus on increasing synergies between companies and, correspondingly, on more effective internal structures.

“Nevertheless, we will continue to watch the market and make purchases, where it makes sense.”

Related article: Novomatic finalises investment in AGT