Novomatic reveals record turnover in first half
Novomatic was able to achieve a new record turnover during the six months to June 30, 2016, with the firm also expanding its employee base to the biggest in its history.
The Austria-based gaming manufacturer and operator said turnover in the first half came in at €1.1 billion ($1.2 billion), which represents an increase of 10.8% on the total posted in the corresponding period last year.
Earnings before interest, tax, depreciation and amortisation (EBITDA) remained relatively level at €287.2 million, although earnings before interest and tax fell to €141.4 million due to one-off effects, including write-downs.
Novomatic was also able to boost its number of staff to an average of 22,373, an increase of 12.1% on last year.
Harald Neumann, chairman of the board at Novomatic, said: “We pursued our growth strategy during the first half of the year and have undertaken a number of important expansions.
“With our acquisition of the British gaming operator Talarius, we have further increased our market share in the important UK gaming market, and we are now the largest operator of gaming arcades in the UK.
“Our intention to acquire a stake in the Australian listed gaming technology company Ainsworth would give a massive boost to our market position in Australasia, as well as in North and South America.”
Related article: Novomatic to push Ainsworth deal after shareholder approval