Fourth-quarter success boosts GTECH’s full-year performance

Interactive gaming software and services provider GTECH has cited the impact of a “robust” performance in the fourth quarter of 2014 as one of the main reasons behind year-on-year growth across its business in 2014.

Full-year revenue amounted to €3.07 billion ($3.3 billion), which represents an increase of 0.2% on the €3.06 billion achieved in the previous 12 months.

Earnings before interest, tax, depreciation and amortisation (EBITDA) for the full-year also increased 4% on a year-on-year basis to €1.08 billion.

However, net income fell 52.5% to €83.3 million while diluted earnings per share fell to €0.48.

GTECH said that the full-year increase in revenue and EBITDA was boosted by an impressive performance by the company during the final three months of the year.

Revenue for the fourth quarter totalled €809.5 million, up 4.7% from the €773.1 million posted in the corresponding period last year.

Fourth-quarter EBITDA also increased 6.7% year-on-year to €261.1 million.

Marco Sala, chief executive officer of GTECH, said: “We ended 2014 on another robust quarter, with strong product sales in the Americas and internationally, and steady service revenues overall.

“We are finalising the acquisition of IGT, ready to initiate the integration of our two companies, and to consolidate our leadership of the global gaming industry.”

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