Solid results for GTECH in 3Q
Revenues from the Americas segment were up 17 % to 251 million euros, or up 25 per cent at constant currency. This increase was driven by the sale of gaming equipment to the Canadian market, a 4.4 per cent increase in lottery same store revenue and reimbursement of certain operating expenses received from the Indiana Lottery.
The company’s revenues from the international market stood at 81 milion euros, down from 113 million euros last year, largely due to higher product sales in the third quarter of 2012. Revenues in Italy were 398 million euros, compared with 412 million euros in the third quarter of last year.
Reported EBITDA was 219 million euros, including a 30 million euros one-time provision for a machine gaming litigation settlement in Italy. Operating income was 102 million euros.
“We achieved good results in the third quarter highlighted by continued growth in the Americas and gains in the Italian lotteries,” said Sala. “We maintain our disciplined approach to capital allocation, while continuing to explore potential new global operator opportunities.”
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