EANS-News: NOVOMATIC results for the first half of 2011: strong revenue growth, acquisitions strengthen position on core markets

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6-month report

Gumpoldskirchen (euro adhoc) - NOVOMATIC results for the first half
of 2011: strong revenue growth, acquisitions strengthen position on
core markets

- Revenues substantially increased by 17% to EUR 655m, EBITDA by 4.7%
to EUR 226m, EBIT of EUR 109m at previous year´s level

- Solid cash flow from operating activities of EUR 134m, Free cash
flow of EUR 26m

- Acquisitions in Germany, Italy, Austria and the UK strengthen
position on these markets

- Outlook: substantial revenue growth for full-year 2011 expected

NOVOMATIC in the first half year 2011

The NOVOMATIC Group was able to stay on the path of growth in the
first half of 2011. Compared to the first half year of 2010,
consolidated revenues increased by 17% to EUR 654.7m. The increase in
revenues stemmed primarily from rises in the proceeds from
proprietary gaming operations, from the other activities segment
(online gaming) and from rentals. It was primarily our core market of
Italy, which is increasingly gaining in importance that accounted for
the increase registered by the rentals segment. Earnings before
depreciation (EBITDA) reached EUR 225.7m. Operating results (EBIT)
amounted to EUR 108.6m - similar to the previous year. The EBIT
margin reached 16.6%. Earnings for the period amounted to EUR 52.8m,
a decrease of 7.8% over the same period in the previous year. This
drop was mainly due to the increase in financial expenses associated
with the complete takeover of online subsidiary Greentube. By
excluding this one-time effect, earnings come to EUR 67.8m, 18.3%
above the results of the previous year. The average number of
employees rose by 13.4% to 11,493, of which more than 2,500 are based
in Austria.

in EUR m H1 2011 H1 2010 change
Revenues 654.7 559.6 +17.0%
EBITDA 225.7 215.6 +4.7%
EBITDA margin 34.5% 38.5% -
EBIT 108.6 108.9 -0.3%
EBIT margin 16.6% 19.5% -
Earnings for period 52.8 57.3 -7.8%

"We have managed to substantially increase our group revenues. Our EBIT margin
of 16.6% shows the remarkable profitability of our operations. The acquisitions
realized this year have, in addition, further strengthened our position on our
core markets of Germany, Italy and Austria. This is why I look ahead with
optimism," comments NOVOMATIC CEO Dr. Franz Wohlfahrt on the results for the
first half-year 2011.

Acquisitions

Spielbank Berlin, Germany:

The acquisition of 92.04% in Spielbank Berlin in January 2011
strengthened NOVOMATIC´s position on the German market. Spielbank
Berlin has one of the largest revenues among German operators of live
game casinos.

G.Matica, Italy: In July 2011 NOVOMATIC increased its stake in
G.Matica, one of the ten concessionaires for Video Lottery Terminals
in Italy. The NOVOMATIC Group now owns a majority stake of 80.94%.
G.Matica holds concessions for 2,236 Video Lottery Terminals (VLTs).

NOVOMATIC is the largest supplier of Video Lottery Terminals in
Italy. By the end of this year, about 10,000 of these terminals will
be installed for the various concessionaires in the country. The
further rollout is planned to serve as a basis for sustainable growth
on this market in the next years.

Greentube, Austria: In August 2011 NOVOMATIC acquired the remaining
30% of Greentube Internet Entertainment Solutions GmbH and is now
100% owned by NOVOMATIC. Greentube is a company based in Vienna. It
provides content to licensed B2B customers.

Empire Games Ltd, United Kingdom: In January 2011, NOVOMATIC took
over 70% of the shares of Empire Games, a developer and manufacturer
of gaming devices in the United Kingdom.

Outlook

The NOVOMATIC Group assumes that the positive development of its
business in Germany and in Italy will continue. In order to exploit
further market opportunities, the company is planning to take part in
a partial tender for a total of 15 casino concessions ("casino
licenses") for Austria and in one for automat licenses in the
country´s states.

The revenue growth achieved in 2011 is largely based on increases in
the gaming operations, other activities (online gaming) as well as
rental segments. We expect to achieve substantial revenue growth in
2011 as a whole.

The ongoing rollout of the Video Lottery Terminals and of the related
networks in Italy has become a priority for NOVOMATIC. A goodly
portion of the investments is foreseen for Italy. NOVOMATIC expects
its Italian subsidiaries to achieve further growth in revenues and
earnings.

About NOVOMATIC

The NOVOMATIC Group is one of the largest producers and operators of
gaming technologies and facilities, and is thus one of the world´s
largest integrated gaming groups. The Group has more than 11,000
employees worldwide. Of these, more than 2,500 are based in Austria.
Founded in 1980 by Johann F. Graf, an industrialist, the group has
facilities in 31 countries, and produces high-tech gaming automats
and multiplayer devices. These are exported to 73 countries. The
Group´s 200 betting outlets in Austria give it one of the country´s
largest networks of parlors for the betting on sporting events.
NOVOMATIC operates in some 1,000 proprietary electronic automat and
live game casinos and rents (via leasing models) a total of more than
160,000 gaming automats.

Further inquiry note:
Press:
Dr. Hannes Reichmann
Head of Corporate Communications
Telephone: +43 (0) 2252 606-680
Email: hreich@novomatic.com

Investor Relations:
Stefan Marin
Head of Investor Relations
Telephone: +43 (0) 2252 606-781
Email: smarin@novomatic.com

www.novomatic.com

end of announcement euro adhoc
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company: Novomatic AG
Wiener Straße 158
A-2352 Gumpoldskirchen
phone: +43 (0)2252 606
FAX: +43 (0)2252 62208
mail: postbox@novomatic.com
WWW: www.novomatic.com
sector: Semiconductors & active components
ISIN: AT0000492962, AT0000A0G3Z9 // AT0000A0KSM6
indexes:
stockmarkets: Regulated free trade: Wien
language: English