Austrian-based Novomatic Group said whilst its land-based division saw significant revenue loss, its online segment was able to generate growth in 2020.
Novomatic group revenues fell 33.1 percent in the 2020 fiscal year, which it said was felt across every market it operates including Italy, Germany, Eastern Europe, Austria, United Kingdom, Spain and the Netherlands.
“The depth of the lockdowns, which brought slot arcade, casino and betting site operations to a virtual standstill for around four months, meant that the online segment was able to generate significant revenue growth.”
That being said, EBITDA came in at EUR 305.9 million at the end of 2020, thus remaining clearly positive despite the COVID-19 pandemic and the associated temporary closure of almost all operational sites.
