{"id":283,"date":"2024-06-28T11:24:41","date_gmt":"2024-06-28T08:24:41","guid":{"rendered":"https:\/\/slotscapital.icu\/2024\/06\/28\/novomatic-reports-e1-84-billion-earnings-in-2021-despite-gaming-operations-dip\/"},"modified":"2024-06-28T11:24:41","modified_gmt":"2024-06-28T08:24:41","slug":"novomatic-reports-e1-84-billion-earnings-in-2021-despite-gaming-operations-dip","status":"publish","type":"post","link":"https:\/\/slotscapital.icu\/2024\/06\/28\/novomatic-reports-e1-84-billion-earnings-in-2021-despite-gaming-operations-dip\/","title":{"rendered":"Novomatic Reports \u20ac1.84 Billion Earnings in 2021 Despite Gaming Operations Dip"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/1IgmeGBAaFo\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Novomatic, an Austrian provider of gaming gear, reported earnings of \u20ac1.84 billion ($2.02 billion) in 2021, despite a dip in gaming operations income.<\/p>\n<p>This signifies a \u20ac98.7 million, or 5.6%, rise compared to \u20ac1.74 billion in 2020, which was affected by the worldwide health crisis.<\/p>\n<p>Gaming operations income was \u20ac1.03 billion, slightly lower than the \u20ac1.07 billion recorded in the previous year. This was attributed to the closure of gaming venues \u2013 an estimated two-thirds of Novomatic&#8217;s gaming venues were temporarily closed due to the pandemic from January to June 2021.<\/p>\n<p>Gaming technology sales revenue accounted for the remaining \u20ac806.2 million in earnings. This figure increased by 20.3%. The company attributed this growth to its Ainsworth business, which saw sales increase from \u20ac67.9 million in 2020 to \u20ac118.3 million in 2021.<\/p>\n<p>Novomatic acquired Ainsworth in 2018.<\/p>\n<p>Total revenue generated by European operators using Novomatic equipment or software was \u20ac102.91 billion. A significant portion of this came from its lottery division, generating \u20ac35.48 billion. Betting operators generated \u20ac24.17 billion, followed by casino operators with \u20ac20.98 billion.<\/p>\n<p>Gaming equipment turnover was \u20ac19.7 billion, with other turnover reaching \u20ac2.55 billion.<\/p>\n<p>Total gaming taxes and betting fees amounted to \u20ac208.3 million, down 3% year-on-year, resulting in net profit of \u20ac1.63 billion. However, this still represents a 6.8% increase compared to the same period last year.<\/p>\n<p>Expenses reached \u20ac1.33 billion, an increase of 6%. <\/p>\n<p>During the 2021 financial period, Nova Matic&#8217;s income rose by 8%. Of this, staff expenses were \u20ac608.2 million, up 0.2%, while other operational expenses were \u20ac542.1 million, down 7.3%.<\/p>\n<p>Other expenditures, including the procurement of materials and services, totaled \u20ac189.5 million, a rise of \u20ac8.9 million from the preceding year.<\/p>\n<p>After considering changes in inventory (costing \u20ac28 million), capitalized self-construction revenue (\u20ac73.8 million), and other company revenue (\u20ac247.6 million), earnings before interest, taxes, depreciation, and amortization (EBITDA) reached \u20ac587.5 million, a substantial increase of 92% year-over-year.<\/p>\n<p>After subtracting depreciation, impairment, and reversal costs (\u20ac419.2 million), operating income was \u20ac170.3 million, an increase of \u20ac417.6 million compared to 2020.<\/p>\n<p>Financial result costs totaled \u20ac41.3 million, resulting in a pre-tax profit of \u20ac129 million. After taking into account income tax (\u20ac64.1 million), the net income for the year was \u20ac64.9 million, an increase of \u20ac329.6 million year-over-year.<\/p>\n<p>Ryszard Presch and Johannes Gratzl, members of the Nova Matic Executive Board, stated: &#8220;The 2021 fiscal year presented us with several challenges.&#8221; &#8220;Through our innovative capabilities, flexibility, and continuous cost optimization and efficiency enhancement measures, we successfully achieved our objectives.<\/p>\n<p>&#8220;We are deeply appreciative of the dedication and loyalty of our workforce, who have made a significant contribution to our quality. We are optimistic about the future and believe that the Nova Matic narrative will continue to be a success.&#8221; <\/p>\n<p>Subscribe to the online gaming newsletter! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Novomatic, an Austrian provider of gaming gear, reported earnings of \u20ac1.84 billion ($2.02 billion) in 2021, despite a dip in gaming operations income. This signifies a \u20ac98.7 million, or 5.6%, rise compared to \u20ac1.74 billion in 2020, which was affected by the worldwide health crisis. Gaming operations income was \u20ac1.03 billion, slightly lower than the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Novomatic Reports Strong 2021 Earnings Despite Gaming Dip<\/title>\n<meta name=\"description\" content=\"Austrian gaming giant Novomatic saw a 5.6% rise in earnings to \u20ac1.84 billion in 2021, despite a slight decline in gaming operations income.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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