Novomatic reports record revenue in first half
Integrated global gaming firm Novomatic has cited its ‘dual business strategy’ as the main reason behind record revenue during the six months to June 30, 2014.
The company posted revenue of €941 million ($1.2 billion) in the first half of the year, which represents a 15% increase on the €818 million achieved in the corresponding period last year.
Earnings before interest, tax, depreciation and amortisation also increased by 9% from €266 million in the first half of 2013 to €289 million this year, while earnings before interest and tax grew by 20% to €165 million.
In addition, Novomatic also noted that it recruited an additional 1,700 members of staff during the first half, increasing its total workforce by 11% to 17,747.
Novomatic chief executive officer Franz Wohlfahrt, who is due to stand down at the end of this month, said: “The first half-year results for 2014 demonstrate that our dual business strategy has once again proved to be the right way to a successful future.
“We achieved an increase in the gaming operations’ revenues by 17%. A significant growth in turnover was also achieved in the sales, e-business and betting segments.”
Related article: Novomatic chief Wohlfahrt to stand down