Novomatic toasts H1 sales record

Novomatic toasts H1 sales record

Monday, September 4, 2017 Posted by James Walker
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The growth was driven by a ‘significant increase’ in slots operated by the group worldwide

Novomatic, Europe’s leading gaming technology group, achieved record sales figures in the first six months of the 2017 financial year and the highest number of employees in the company’s history.

In the first six months of 2017, revenues for Novomatic rose by 11.3% to €1.22 billion, compared with €1.09 billion in the prior-year period.

This growth, according to the Austria-based supplier, was driven by a “significant increase” in electronic slot machines operated by the group worldwide.

Compared to the same period in 2016, the number of self-operated sites – including casinos, sport betting outlets and bingo operations – increased from around 1,800 to almost 2,100.

Operated gaming machines also achieved a new record with an increase of about 9,000 machines to currently 70,700 machines.

The growth of the group in the first half of the year was driven by acquisitions made primarily in the core markets of Germany and Spain. Among others, the Casino Royal Group in Germany and Basque Gaming in Spain were purchase.

“These future-oriented investments ensure the strong position of Novomatic in the global market for the long term,” said Novomatic CEO, Harald Neumann.

“The current half-year figures with record sales show that we are on the right track with our international growth strategy. This is also exactly what we will pursue in the future.”

In the first half-year, the number of Novomatic employees rose to a historically high figure of 26,336, representing a growth of 2,487 persons compared to the end of 2016.

Totally Gaming says: Novomatic’s double-digit growth in first-half revenues follows a record-breaking 2016 performance. As the gaming giant continues to tap organic and inorganic growth around the world, the group is well on track to top last year’s figures.

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