Successful Year for GTECH Due to Last Quarter’s Results

GTECH has reported a great year-on-year growth in 2014 and now they admitted it was mostly because of the success in the final quarter.

GTECH, a world-leader mobile casino gambling provider company, has presented great results in the last 3 months of 2014 which boosted their yearly income. During the whole year of 2014, the interactive gaming software provider firm has noted an income of EUR 3.07 billion ($3.3 billion).

This shows a slight 0.2% growth compared to the previous year’s achievements. EBITDA (earnings before interest, tax, depreciation and amortization) have grown up to EUR 1.08 billion which is an increase of 4%. Although they recorded some positive results, the net income have decreased by 52.5% to EUR 83.3 million.

The large increase of the last quarter resulted in better financial report

Spokesperson of the iGaming services provider company have declared that EBITDA has increased incredibly during the last three month. The income of the fourth quarter was EUR 809.5 million altogether, while in the previous quarter the revenue was only EUR 773.1 million, which is a 4.7% growth within 3 months.

Online gambling sites in EU report Marco Sala, GTECH CEO, has said that the purpose of the company is to become one of the most important firms in the online gambling market. “We are finalizing the acquisition of IGT, ready to initiate the integration of our two companies, and to consolidate our leadership of the global gaming industry.”