NOVOMATIC Releases H1 Results, Enjoys Strong Revenue Growth

One of the biggest international producers and operators of gaming technology, NOVOMATIC, released its latest interim financial report. In its latest report, the company revealed details regarding its performance for the first half of 2023, or the six months ended June 30, 2023, posting strong growth of revenue and EBITDA, as well as an increase in its number of employees.

Overall, NOVOMATIC posted total revenues of €1.58 billion ($1.7 billion). This result, compared to the €1.32 billion ($1.42 billion) figure from the corresponding period in H1 2022, marked an increase of 20%. EBITDA for the first half of this year hit €386.1 million ($414.9 million), up by 3.9% year-over-year.

Further details released by NOVOMATIC reveal that the operating profit (EBIT) increased as well. The latest financial report unveiled that operating profit this year hit €197.8 million ($212.6 million), representing growth of 22% year-over-year when compared to the €162.1 million ($174.2 million) figure from H1 2022.

NOVOMATIC’s recent interim financial report reveals that the company expanded its workforce as well. For the first half of 2022, NOVOMATIC had 21,721 employees. For the corresponding period this year, the average number of employees at the company increased by 13.2% to 24,590.

“In the first half of 2023, the NOVOMATIC AG Group generated €1,582.6 million in revenues, compared to €1,319.1 million in the same period of 2022. The increase in revenues of €263.6 million (+20.0 percent) is due to the good performance and demand for NOVOMATIC products as well as the acquisitions made,“

reads the new interim financial report released by NOVOMATIC

NOVOMATIC Enjoys Revenue Growth Across All Markets

A breakdown provided by the company revealed that it enjoyed strong growth across all of the markets where it operates. The biggest growth was reported by NOVOMATIC’s Italian operations where revenue increased by €99.9 million ($107.3 million), followed by Germany where it was €49.4 million ($53.1 million) more when compared to H1 2022. The company’s Eastern European operations saw €29.8 million ($32 million) more in terms of revenue, while in Austria, the revenue grew by €21.8 million ($23.4 million).

Within the online sector, NOVOMATIC posted a revenue increase of €21.7 million ($23.3 million) for the first half of this year, while markets within Other Regions saw an uptick of €15.1 million ($16.2 million). In the UK, NOVOMATIC’s revenue increased by €12.6 million ($13.5 million), while for the Netherlands and Spain the company posted an increase of €8 million ($8.6 million) and €5.2 million ($5.6 million) respectively.

After the recent trading period, in July, NOVOMATIC’s African Unit, NOVOMATIC Africa, introduced changes to its management-level team. At the time, the company unveiled it added Sonya Nikolova to its board of directors and confirmed that Alexander Merwald and Muriel Loftie-Eaton will continue to hold their board of directors roles.