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Standard & Poor's Upgraded Novomatic's Status

Standard & Poor's Upgraded Novomatic's Status

10/07/2023
Global rating organisation Standard and Poor's (S&P) assessed Novomatic, a premium gambling supplier, and has updated its position to BB+. The evaluation was a part of the annual review of the financial year 2022.

Specifics of the Assessment

Novomatic’s rate upgraded by S&P

Throughout the ongoing rating, the organisation investigated the advantages and risks of the vendor in contrast with counterparts worldwide. As a result, it has granted Novomatic a higher status.

The upgrade became possible due to the enterprise's achievements in the previous financial year, such as:

  • strong business performance;
  • spectacular work ethic;
  • successful debt reduction strategy.

The abolishment of COVID-19 limitations in all business sectors has significantly influenced the company’s growth. A few acquisitions were crucial in the group's worldwide development in 2022. The obtaining of a considerable stake in HBG Group, originating from Italy, was among them.

Company's Accolades

In addition to this achievement, the firm got other significant honours and top appraisals. The rewards, such as Austrian Leading Company or Best Employer, were not related to monetary accomplishments but to operational performance.

The enterprise is committed to raising a new generation of creators and entrepreneurs. For this reason, it organised learning programs for future business owners and gambling developers.

Comments from the Executive

Johannes Gratzl, a senior executive at Novomatic, believes that the improvement in ranking lies in the company’s policy of being both manufacturer and operator. Besides, it proves the success of their investment and expansion strategy in the core markets.

The approach assures the group's place in the list of reliable and trusted suppliers. Additionally, Novomatic now becomes a frontrunner among world manufacturers.

Buy software from Novomatic at Gaminator and enrich your establishment's lineup. Get in touch with our managers to learn more.

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Artur Zimnij
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Artur Zimnij
Gambling business specialist
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