GTECH chief aims to consolidate ‘leadership’ of industry after 2014 growth

GTECH chief aims to consolidate ‘leadership’ of industry after 2014 growth

Tuesday, March 10, 2015

Marco Sala, chief executive officer of GTECH, has spoken of his desire for the interactive gaming software and services provider to “consolidate its leadership” of the global gaming industry after it achieved year-on-year growth during 2014.

GTECH posted full-year revenue of €3.07bn ($3.3bn) today (Tuesday), up 0.2 per cent on the €3.06bn achieved in the previous year. Earnings before interest, tax, depreciation and amortisation (EBITDA) for the year also increased four per cent year-on-year to €1.08bn.

The company cited the impact of a positive performance in the fourth quarter of the year as one of the main reasons behind overall year-on-year growth.

“We ended 2014 on another robust quarter, with strong product sales in the Americas and internationally, and steady service revenues overall,” Sala said.

“We are finalising the acquisition of IGT, ready to initiate the integration of our two companies, and to consolidate our leadership of the global gaming industry.”

Revenue in the three months to December 31, 2014, amounted to €809.5m - an increase of 4.7 per cent on the €744.1m achieved in the same period last year. EBITDA for the final quarter of the year was also up 6.7 per cent to €261.1m.

However, despite having posted this growth, GTECH did report that full-year net income slumped by 52.5 per cent to €83.3m, with diluted earnings per share for the full year dropping to €0.48.

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