INSIGHT ICE 2023 PRESENTATION NOVOMATIC GROUP
fell from 4.8 in 2022 to 1.6. Tis trend has been continued into the second half of 2022.
Tomas Graf Chief Executive Officer Greentube
“Half year figures show an upwards trend. First half revenues for 2022 rose to
€1.3bn, EBIT of €371m and investment over €100m, including the reduction of debt. Our net debt ratio to EBIT fell from 4.8 in 2022 to 1.6. This
trend has been continued into the second half of 2022. In 2022, Novomatic also increased its headcount, employing around 22,000 people and sold more than 60,000 electronic gaming devices, with 160,000 on
rental and lease agreements and operated around 70,000 in adult gaming and sports betting venues.”
Thomas Graf, CEO Greentube
Te last three years, due to the pandemic, has been difficult for the group, primarily as retail operations were closed. Novomatic has over 2,000 gaming operations, including full-scale casinos, electronic casinos, sports betting venues, bingo and adult gaming centres. Once these locations were able to open, however, thanks to the backlog of consumer demand, we saw a tremendous rebound of our retail business. We also concentrated efforts during the pandemic on research and development, creating the new products for launch at ICE 2023. Sales of our products and software solutions, as we move increasing into a software-as-a-service business, grew significantly in both land-based and online sectors.
Officially, 2022 figures will be released for the Novomatic Group in April 2023, but half year figures show an upwards trend. First half revenues for 2022 rose to €1.3bn, EBIT of €371m and investment over €100m, including the reduction of debt. Our net debt ratio to EBIT
In 2022, Novomatic also increased its headcount, employing around 22,000 people and sold more than 60,000 electronic gaming devices, with 160,000 on rental and lease agreements and operated around 70,000 in adult gaming and sports betting venues.
A milestone in the history of Novomatic was the acquisition of the Italian concessionaire, HBG. Te company is one of the largest operators of AWPs and VLTs in Italy, and the acquisition helped Novomatic consolidate the market, which is a trend happening in Italy for the last couple of years. We are proud to be part of this process, having achieved a significant growth boost, not only in the AWP and VLTs segment, but also in terms of the operations and digital business of HBG, which have been boosted by initiatives from Greentube.
Te outlook for 2023 sees Novomatic continue its growth trajectory both organically and un- organically, in the retail and technology space in regulated markets. Tere are also many soon- to-be-regulated markets in which we intend to play a significant role, which not only includes markets in Europe, but in North America, Africa and Asia.
Greentube is headquartered in Vienna with a headcount of 400 people, 60 different nationalities, covering all aspects of digital gaming, sports betting and skill games. Overall, Greentube employs over 1,000 experts in the digital space, across subsidiaries in 17 countries, with development hubs in Te Netherlands, Canada, the US, Malta, the UK and India most recently. Te key milestones in 2022 included new product launches, geographical expansion and M&A activity. Growth focus was in the US and Canada, with the entry of our games distribution into the regulated North American online casino market. Starting with New Jersey and last year we added, Michigan, Connecticut and Ontario, which means that all markets are playing a significant role in the growth of Novomatic's online business. Greentube is now live with key operators, including DraftKings, BetMGM, Entain Group and Golden Nugget Online, with more in the pipeline as we go live later in 2023 in Pennsylvania, covering all the regulated markets in North America.
One of the latest products developed for the North American market is Diamond Cash, which in Europe it is called Diamond Link, and we have launched a land-based version at ICE in cooperation with APEX Gaming as a mobile first-game. It is a true omni-channel title that has been very successful in North America and more titles will be announced soon as part of a series. In terms of game distribution, we made significant growth by launching games with GameAccount Network (GAN), covering all relevant US markets, in the format of social and real money casino.
WIRE / PULSE / INSIGHT / REPORTS P29
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