May 25, 2017 5:11 AM ET

Hotels, Restaurants and Leisure

Company Overview of Novomatic AG

Company Overview

Novomatic AG, through its subsidiaries, develops, manufactures, and sells gaming products, lottery technologies, and networked system solutions for gaming and betting markets worldwide. It operates in two segments, Gaming Technology and Gaming Operations. The Gaming Technology segment engages in the production, sale, and rental of gaming and entertainment machines; and operation of an online B2B business. The Gaming Operations segment operates casinos and electronic gaming machine casinos, as well as the online B2C business; and provides sports and horse racing betting services. The company also develops gaming solutions for the Internet, mobile devices, and interactive televisions; operates...

Wiener Strasse 158

Gumpoldskirchen,  2352

Austria

Founded in 1980

23,849 Employees

Phone:

43 2252 606 0

Key Executives for Novomatic AG

Chairman of the Executive Board and Chief Executive Officer
Age: 54
Founder
Age: 70
Chief Financial Officer and Member of Executive Board
Deputy Chairman of Executive Board and Chief Operating Officer
Chief Investment Officer and Member of Executive Board
Compensation as of Fiscal Year 2016.

Novomatic AG Key Developments

Novomatic Reports Earnings Results for the Year 2016

Novomatic reported earnings results for the year 2016. The company generated EUR 2.3 billion in revenue, by 10% more than a year earlier. EBITDA shrank by 5% to EUR 588.5 million, while EBIT eased 16% to EUR 264 million. Profit from core activities dropped by 25% to EUR 229.4 million, while the net profit contracted by over 27% to EUR 154.4 million. The financial loss, however, widened from EUR 7 million to EUR 34.7 million, mostly due to lower earnings from financial investments and exchange rate-based losses.

Novomatic Seeks IPO

Novomatic AG is seeking an initial public offering to get listed in London or Frankfurt in 2017. The initial public offering may see the sale of 25% of the Novomatic shares of worth €1.5 billion. Macquarie Group Limited is acting as a so called IPO advisor and will help select several banks to lead the planned listing as so-called global coordinators, they said, adding the mandates will likely be awarded later this month. Macquarie declined to comment, while Novomatic was not immediately available for comment.

Novomatic Mulls Acquisitions

Novomatic AG is looking for acquisition opportunities. Novomatic spent some €500 million on acquisitions last year and plans a similar spend in 2017, Chief Executive Officer, Harald Neumann said at the ICE gaming fair in London. The group's acquisitions will become bigger ones in view of the global consolidation trade in the industry, Neumann expects.

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