Novomatic Takes Financial Step Backward in 2018

This story was published more than 4 years ago.

Global gaming group Novomatic has announced their 2018 financial results, revealing that the company posted an operating loss for the period.

Key financial indicators for the year ending December 31st, 2018 were:

  • Operating loss of €131.9 million
  • Revenues up to €2.37 billion
  • Italian sales up to €401.1 million from €371.7 million in 2017
  • Spanish sales up 20% to €152.1 million
  • German revenues up slightly to €724.0 million
  • Austrian sales up from €335.9 million to €373.6 million
  • Other global markets saw revenues climb to €219.5 million from €77.2 million
  • Online sales were down from €146.5 million to €110.2 million
  • Gaming technology revenue up to €968.1 million
  • Gaming operations sales up to €1.64 billion
  • The group's purchase of Ainsworth Game Technology generated €160.5 million in positive revenues
  • Cost of material was up 50.1% to €496.6 million
  • Personnel costs up 10.18% to €776.6 million due largely
  • Depreciation and amortization, impairment, and reversal of impairment costs up 101.4% to €687.6 million
  • EBITDA of a loss of €159.5 million
  • Posted net loss of €154.9 million, down from a positive €61.4 million in 2017

The company's board of directors issued a statement, reading: "The focus is currently on consolidating the rapid growth of the past few years, which was driven by the purchase of various companies. In parallel, the company is beginning to increase the synergy potential.

"The focus of these efforts is on the transnational optimization of internal processes and structures."

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.
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6 May 2019 - 4:26pm

Well from the numbers above I don't see too many worrying signs for Novomatic despite the declared loss for 2018.
They looking to had a healthy growth at some of the big EU markets plus globally as well so I can't understand where the loss coming from.