The globally active gaming technology group NOVOMATIC AG, headquartered in Gumpoldskirchen, achieved solid revenues of EUR 2,608 million in the past fiscal year 2019 (2018: 2,585 million).
The Gaming Operations segment, in which the company is internationally active as an operator of gaming machines, accounts for approximately 63 percent of the revenues, while the Gaming Technology segment, which is responsible for the development, manufacturing and distribution of electronic gaming equipment, contributes some 37 percent to total earnings.
Despite major regulatory challenges in core mar-kets such as Germany and Italy, revenues in the Gaming Operations segment were approximately EUR 1,650 million. Revenues from the Gaming Technology segment totalled EUR 955 million. In addition, the Group’s leading position in its core markets was further strengthened through the con-tinued implementation of the consolidation strat-egy, a further optimization of the corporate structures and a number of strategic company acquisitions.
“The 2019 fiscal year was very mixed. The positive results, however, attest to the course we have chosen and which we will continue to pursue consistently and Group-wide”, says Ryszard Presch, COO of NOVOMATIC AG. “We have achieved solid revenues and secured our leading position in core markets. Now, we will continue to optimize the processes across our approximately 350 subsidiaries,” says CFO Johannes Gratzl.Stable outlook for the financial marketOn the financial market, a bond was success-fully redeemed in January 2019 for a total of EUR 250 million and the equity ratio (exclud-ing IFRS 16) improved from 33.1 % to 38.3 %. In May 2019, Standard & Poor’s evaluated NOVOMATIC AG’s credit rating at BB+ with a stable outlook.
COVID-19: Employee health has priorityThe effects of the Coronavirus mean that companies around the world, including NOVOMATIC, are facing completely new chal-lenges, and it is too early to evaluate the potential consequences for the 2020 annual and consoli-dated financial statements. “The key factor here will ultimately be the length of any supply chain delays for gaming machine production caused by the virus and the duration of temporary closures of slot arcades and casinos,” explains Ryszard Presch. Johannes Gratzl adds: “Our top priority, regard-less of the situation, is to protect the health of our employees and to preserve and secure their jobs.”
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