Novomatic Report All-Time Record High Revenues For 2016
Novomatic have just released their revenues for 2016 and the figures are record breaking. They recorded a 10 percent increase year-on-year and reached their highest revenues in their 36 year history with around €2.3 billion while increasing their global workforce to over 23,500.
Largest increase came in gaming revenues which increased by €126.7, to €1,028.9m. Group EBIDTA was €588.5 compared to €616.7m in 2015.
CEO of Novomatic Harald Neumann commented on the record breaking revenues,” Not only did we achieve excellent financial results in 2016, but we also set out clear strategic paths that are particularly important for the further expansion of the Group of companies. These include the signing of an agreement to acquire approximately 53 percent of the shares in the publicly traded Australian company Ainsworth Game Technology Ltd. Thanks to the strong presence of Ainsworth in Australia, Asia, North and South America, Novomatic will, in future, also intensify its work in these markets.”
Focus of Novomatic includes expansion plans throughput Europe where they have expanded their market position in Italy, Spain and Germany by acquiring smaller companies.
The combined Group revenues of the Novomatic AG Group inclusion their two sister holding companies ACE Casino Holding AG and Gryphon Invest AG also reached record highs in 2016 with revenues at €4,402m compared to €3,929 in 2015.