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GTECH initiates cost saving plan as 2013 profit dips

14th March 2014 9:17 am GMT

Italian gaming and lottery supplier GTECH S.p.A expects to achieve annual cost savings of €50m over the next two years through a number of initiatives that it has identified and started to implement, as the company reported a 23 per cent drop in net profit to €205.2m for the full 2013 year.

Revenue fell marginally by 0.4 per cent to €3.1bn during the year, with 10 per cent generated by the company’s interactive operations. Lottery [...]

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