Reaching EUR 2.86 Billion in 2022: Novomatic Shows High-Income Growth

The further numbers Novomatic announced are even more thrilling: its EBITDA results made it to EUR 758.9 million. The profits grew by 29.2% compared to 2021.

Secret to Success

The driving force that accelerated a giant leap to making billions was an orientation toward growth in the Asia-Pacific direction. Even though the company is well-known in European and American markets, it has spread its roots almost all over the world. The brand also owns 52% of stakes in Ainsworth Game Technology Ltd.

Other key moments that led to progress were:

• removal of most restrictions related to the Covid-19 pandemic;
• strong demand for Novomatic’s services on the market;
• high quality of the manufacturer’s products.

Operation income from casino games, slot machines and betting activities has reached approximately EUR 1.79 billion. The supplier received technology profits of EUR 1.07 billion. Novomatic stated that its high standards in quality and innovative products in the gaming industry have played a decisive role in attaining such noteworthy results.

Growing across the world is what helped the brand in achieving major popularity. The company has made several purchases on the market. As the biggest gaining, the firm got the rights to possess the HBG Group. Novomatic also reduced the credit line to EUR 570 million in December 2022.