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GTECH confident of full-year guidance despite Q1 revenue fall

9th May 2014 8:40 am GMT

Gaming and lottery supplier GTECH has recorded a 2 per cent fall in revenue for the first quarter of 2014, with 1 per cent growth in services revenue failing to offset a 33 per cent fall in product sales.

Total revenue in Q1 amounted to €781m compared to €798m a year ago, primarily as a result of lower video lottery terminal (VLT) sales in Canada versus Q1 2013 and currency exchange fluctuations. [...]

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