Novomatic’s annual report for 2012 showed a balance sheet that CEO Dr Franz Wohlfahrt described as “absolutely gratifying.”
Turnover grew by 10.8 per cent to €1.537bn, a record for the group, while EBITDA increased by 8.2 per cent to €531m. The group’s overall added turnover reached €3.228bn and accumulated EBITDA amounts to €666m.
“The balance sheet for 2012 is absolutely gratifying, considering that we are still living in economically challenging times,” said Wohlfahrt. “Nonetheless we have been able not only to achieve a record turnover, but one again provide significantly more jobs.
“After the breakout of the financial and economic crisis, our founder and proprietor, Professor Johan F Graf, decided that the protection of jobs has to remain more important than profit maximisation. The results for 2012 prove that this approach, carefully balanced with a strategy of cost efficiency and constant optimization, was the right approach.”
