GTECH sales rise 15.8% in 2012

GTECH saw revenue rise 15.8 percent during 2012, although operating income for the Lottomatica Group SpA division increased 4.4 percent compared with 2011.
Posted 3/12/13

ROME – Lottomatica Group SpA reported a 15.8 percent increase in revenue during 2012 to €993 million ($1.29 billion) at its Providence-based subsidiary GTECH Corp., although using “constant currency,” the lottery service and equipment company posted an 8.5 percent gain.

Operating income for GTECH increased 4.4 percent on the year to €101.1 million ($131.4 million), as its same-store service revenue grew 7.9 percent in 2012 versus 2011, due in part to “record first-quarter jackpot activity in the U.S., and the continued growth of instant-ticket sales, particularly in California, Texas and Illinois,” according to a company release.

In 2012, GTECH secured contracts or contract extensions in Arizona, Indiana, Oregon and South Dakota, as well as Argentina, Colombia, Costa Rica, Finland, Ireland, Lithuania, New Zealand and the United Kingdom.

For the three months ended Dec. 31, 2012, GTECH saw revenue increase 2.6 percent to €255.7 million ($332.4 million) versus €249.2 million ($324 million) during the fourth quarter of 2011.

Across all of its business segments, Lottomatica saw revenue rise 3.4 percent to €3.1 billion ($4 billion) during 2012, while the company’s bottom line rose 28.9 percent from to €265.2 billion ($344.8 billion).

The company reported a 1.9 percent decline in total revenue to €812.5 million ($1.06 billion) during the fourth quarter of 2012, although net income increased 40.8 percent to €69.4 million ($90.2 million) in the final three months of 2012.

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot early!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News