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Record revenue for Novomatic but higher costs weigh on profit

10th April 2017 8:37 am GMT

Austrian gaming supplier and operator Novomatic enjoyed a strong performance in 2016 as revenue reached a record high of €2.3bn.

The record annual revenue represents a 10 per cent increase versus 2015, driven by the company’s gaming machines business, which grew by €126.7m to €1,028.9m for the year.

Novomatic attributed the growth to its successful acquisition of Talarius in the UK while also noting the performance of its operations in Italy and Germany.

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