September 16, 2014 3:43 PM ET

Leisure Products

Company Overview of Novomatic AG

Company Overview

Novomatic AG, through its subsidiaries, develops, produces, and sells gaming products and networked system solutions for gaming and betting markets worldwide. The company operates through Gaming Operations and Gaming Technology segments. Its gaming products include gaming machines, casino equipment, video slots, multi-game solutions, jackpot solution, cabinets video slots, cabinets multiplayer, remote play systems, and casino management systems. The company is also involved in planning, constructing, and managing casinos; operating electronic casinos, casinos, bingo halls, lotteries, online gaming, and betting agencies; and selling and renting gaming and entertainment machines, as well as op...

Wiener Strasse 158

Gumpoldskirchen,  2352

Austria

Founded in 1980

Phone:

43 2252 6060

Key Executives for Novomatic AG

Group Chief Executive Officer and Chairman of Executive Board
Founder
Age: 68
Chief Financial Officer and Member of Executive Board
Deputy Chairman of Executive Board
Chief Technology Officer and Member of Executive Board
Compensation as of Fiscal Year 2014.

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.

Novomatic To Reportedly Sell Stake In TAP

Novomatic AG intends to sell its stake in TAP dayli Vertriebs GmbH, Wirtschaftsblatt reported on May 23, 2013. Novomatic will, remain as the financial investor and will keep receiving a part of its profits. TAP 09 Management GmbH will repurchase the shareholding in question so that it will be able to attract more strategic investors and optimise the financing of its new branch concept.

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