The NOVOMATIC 2021 Financial Report has been released and there’s signs of gains for the group, with many areas improving on the previous year (Images by Christine Roy at unsplash.com)
NOVOMATIC has released its 2021 financial report, and we are delighted to be able to give our many readers a breakdown of what the findings were. As NOVOMATIC AG Group is a key player in the iGaming industry, known for its production and delivery of gaming technologies, its financial performance is of interest to its great number of stakeholders. The group has shown increased revenues in many of its key regions due largely to relaxing Covid restrictions, but there are still some regions that continue to feel prolonged effects.
2021 Revenues – Key Areas Showing a Surge in Activity
There were some key markets where revenues showed great year on year gains such as €45.6 million in Great Britain, €37.1 million in Eastern Europe, €28.5 million in Spain, €17.2 million in the online division, €13 million in Italy, and €60.9 million in other markets. There were other areas, however, that were down, and this is attributable to the prolonged restrictive measures to combat COVID-19. These markets include Germany, which had total revenues of €68.2 million. €23 million in Austria, and €12.4 million in the Netherlands. In total, NOVOMATIC Group recorded €1.842 billion (€ 1,842.3 million) revenue for the 2021 fiscal year, which was up from the 2020 figure of €1.743 billion (1,743.6 million) The overall increase in sales year on year was €98.7 million, which represents a very modest 5.7%.
EBITDA 2021 Data – Lower Expenses a Major Factor in Rise
EBITDA is often of particular interest, as it offers a snapshot of short-term operational efficiency. NOVOMATIC Group recorded EBITDA figures of €587.5 million at the end of the 2021 period, compared to €305.9 for 2020. This demonstrated an increase of €281.6 million, or 92.1%. The 2021 growth is largely thanks to an increase in operating income, swelling sales revenues, and a decrease in expenses.
Equity Ratio – Higher Retained Earnings Have Been Vital
NOVOMATIC Group reported an increase in equity of €117.1 million. Equity rose from €1.055 billion to €1.172 billion (€ 1,172.3 million). The reasons for this down to retained earnings, which showed a gain of €88.7 million, or 10.5%, to €939.2 million. Revaluation reserves also increased, rising to €66.4 million from €27.4 million. There was a decline in the figures for non-controlling interests, which shrank by €26 million, from €168 million to €142.6 million.
Cash Flow Increases on Last year
Operating activities generated a cash flow figure of €432 million, which represents a yearly increase of €54 million. Cash flow gained from investing activities generated €166.4 million. There was a heavy influence from the property, intangible assets, plants, and equipment (€287.9 million). The end of lockdown measures has been a considerable factor in the gains on the previous year, which recorded €223 million. Non-current assets being sold raised €122.1 million, in particular, Novomatic Forum property.
Financing activities added another €244 million to cash flow, with the bulk of this coming from financial loans and financial liability repayments. There was a bond repayment of €200 million, €63.7 million ÖKB financing repayment, interest payments of €68.4 million, and there were leasing obligation payments of €121.6 million. In addition, short-term financing raised €240 million.
Summary of NOVOMATIC 2021 Financial Report – Key Markets Dictating Results
In light of the financial results, NOVOMATIC Group has made positive gains in areas such as Great Britain and Eastern Europe. This is no doubt because of the loosening of restrictions and the end of lockdowns. Lower operating costs played an important role in the positive results, such as loan repayments and the sale of non-current assets. Moving forward, NOVOMATIC Group can use the results of these markets as a guideline for when other markets are not bound by the restrictions.
The Market as a Whole Still Insecure: When NOVOMATIC Group pulled out of ICE London 2022, next to multiple other companies, it is clear that there is still a cloud of uncertainty covering the iGaming industry.
You can visit the NOVOMATIC AG facts and figures page where you can download the full fact sheet for the fiscal year 2021, or you can also download the development of key figures pdf document through the same page.
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