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July 06, 2015 8:50 PM ET

Hotels, Restaurants and Leisure

Company Overview of Novomatic AG

Company Overview

Novomatic AG, through its subsidiaries, develops, produces, and sells gaming products, lottery technology solutions, 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, dog racing, and horse racing betting services. The company also develops gaming solutions for the Internet, mobile devices, and iTV; gaming, pay...

Wiener Strasse 158

Gumpoldskirchen,  2352

Austria

Founded in 1980

Phone:

43 2252 606 0

Key Executives for Novomatic AG

Chairman of the Executive Board and Chief Executive Officer
Founder
Age: 69
Chief Financial Officer and Member of Executive Board
Deputy Chairman of Executive Board, Chief Operating Officer and Deputy Chief Executive Officer
Chief Technology Officer and Member of Executive Board
Compensation as of Fiscal Year 2015.

Novomatic AG Key Developments

Novomatic Reports Earnings Results for the First Half of 2014

Novomatic reported earnings results for the first half of 2014. For the period, the company’s profit increased to EUR 104 million (USD 137 million) from EUR 66.8 million. Sales of the gambling machine producer increased by 15% to EUR 941 million. EBITDA increased by almost 9% to EUR 289.1 million and EBIT increased by almost a fifth to EUR 165.1 million.

Novomatic AG Reports Earnings Results for the First Half of 2013

Novomatic AG reported earnings results for the first half of 2013. The company saw its revenue hike in first half 2013 due to acquisitions in Great Britain and expansion in Italy, however, the profits did not improve year on year. The company generated sales of EUR 817.8 million, but following higher costs. The net profit caved in by over 40% to EUR 66.8 million, whereas EBIT slipped by 21.9% to EUR 133 million and EBITDA dropped by 8% year on year to EUR 261 million in first half of 2013.

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Recent Private Companies Transactions

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Date
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Merger/Acquisition
June 8, 2015
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Merger/Acquisition
September 19, 2014
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