GTECH sales rise 15.8% in 2012

By PBN Staff
Twitter: @ProvBusNews

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.