GGRAsia – Novomatic's 2020 EBITDA halved, posts yea

GGRAsia – Novomatic's 2020 EBITDA halved, posts yearly loss


Austria-based gaming equipment maker and operator Novomatic AG Group said group-wide earnings before interest, taxation, depreciation and amortisation (EBITDA) stood at EUR305.9 million (US$365.9 million) in 2020, down 55.4 percent from the previous year. The company stated that its performance last year was affected by the Covid-19 pandemic, according to its annual report.
The group reported revenue of EUR1.74 billion for full-2020, a decline of 33.1 percent from a year earlier. The said that the pandemic and associated measures to contain the further spread of the virus represented a “major and unprecedented challenge”.
Novomatic reported a loss attributable to shareholders of EUR227.8 million for full-year 2020. That compares with a profit of EUR88.8 million in 2019.

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