September 20, 2017 12:18 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

26,336 Employees

Phone:

43 2252 606 0

Key Executives for Novomatic AG

Chairman of the Executive Board and Chief Executive Officer
Age: 55
Founder
Age: 71
Chief Financial Officer and Member of Executive Board
COO & Member of Executive Board
Age: 67
Deputy Chairman of the Executive Board, Chief Investment Officer & Member of Executive Board
Age: 46
Compensation as of Fiscal Year 2017.

Novomatic AG Key Developments

Novomatic Seeks Acquisitions To Fund Acquisitions

Novomatic AG is seeking acquisitions from IPO proceeds. Novomatic is preparing for the changes in the market, among other things by raising money in the IPO to fund investments and acquisitions.

Novomatic AG Promotes John Morris as Vice President Global Product Management

Since the beginning of April, John Morris has been strengthening the NOVOMATIC Group in promoting its international expansion as Vice President Global Product Management. In his new function, John Morris reports directly to Thomas Graf, Chief Technology Officer of NOVOMATIC AG. John Morris will be responsible for the strategic product alignment and further development of international product management. Within the industry, John Morris is considered a primary rock. During the last three decades, Morris has held leading positions in Product Management at IGT, including Product Director - International and most recently as the Product Market Manager - Asia.

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.

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
March 31, 2017
Casino Royal GmbH
Merger/Acquisition
January 4, 2017
Casinos Austria AG
Merger/Acquisition
December 14, 2016
BAIH Beteiligungsverwaltungs GmbH and 41.76% of LTB Beteiligungs GmbH
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