GTECH announces 2014 first-quarter results
Consolidated Financial and Business Highlights
·Operating Income of USD 252 million and stable EPS at €0.43
·6.7% Lottery same-store revenue growth in the Americas; Italian operations demonstrate resiliency
·Net Financial Position (NFP) stable, net of buyout of Scratch & Win interest from UniCredit
“Driven by healthy growth in the Americas and stable results in International and Italy, our first-quarter performance gives us confidence in our ability to meet our full-year guidance.”
“Net Financial Position at the end of March reflects the UniCredit buyout and distributions to minority shareholders in the Italian Scratch & Win concession, which historically occurred in our second quarter,” said Alberto Fornaro, CFO of GTECH.
“We feel very positive about the trends in NFP. The recent upgrade in our credit rating by Standard & Poor’s is further testimony to our long-term financial strength.”
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