Novomatic chief praises ongoing strategy as revenue jumps in H1

Harald Neumann, chief executive of Novomatic, has paid tribute to the company’s ongoing operating strategy after the firm was able to post an increase in revenue during the six months through to June 30.

Revenue in the first half totalled €988 million ($1.1 billion), which represents an increase of 5% on the amount posted in the corresponding period last year.

Earnings before interest, tax, depreciation and amortisation also grew by 0.6% to €290.8 million, while the total number of staff employed by Novomatic jumped by 3.4% in the period to 18,594.

Novomatic did note that earnings before interest and tax were down by 2% to €103.5 million in the first half, while profit after taxes came in at €161.8 million.

“With this semi-annual result we were able to demonstrate once more that our strategy as an internationally active gaming technology group proves to be the correct way to success,” Neumann said.

“Being a full service supplier to all segments of the gaming industry is one of our primary assets.

“In spite of aggravated general conditions we were able to increase our revenues.

“A significant growth in turnover was achieved in the UK, Spain and Italy.”

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