Revenues
In the 2022 fiscal year, the NOVOMATIC AG Group generated EUR 2,859.9 million in revenues, compared to EUR 1,842.3 million in the same period of 2021. The increase in revenues by EUR 1,017.7 million (+55.2 percent) was due to reduced COVID-19 measures as well as the good performance of and demand for NOVOMATIC products.
EBITDA
Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 758.9 million at the end of the year. The increase of EUR 171.3 million (+29.2 percent) compared with the previous year’s period (EUR 587.5 million) was mainly due to higher business activity, offset by lower other operating income and higher personnel costs. The EBITDA margin in 2022 was 26.5 percent, 5.4 percentage points under the previous year’s level.
Equity ratio
Equity increased by EUR 164.0 million (+14.0 percent) to EUR 1,336.2 million during the reporting period. This increase was mainly due to retained earnings, which rose by EUR 173.6 million (+18.6 percent) to EUR 1,106.6 million.
Cash Flow
Cash flow from operating activities amounted to EUR 684.5 million. The year-on-year increase of EUR 252.6 million is mainly attributable to the positive development of cash flow from earnings.
Cash flow from investing activities amounted to EUR -311.1 million in 2022 and was influenced in particular by investments in intangible assets and property, plant and equipment. These investments increased by EUR -75.1 million compared to the previous year, in particular due to the positive outlook following the end of the COVID-19 measures.
Cash flow from financing activities amounted to EUR -320.0 million during the reporting period. In the first half of the year, a bond was (partially) redeemed ahead of schedule (EUR 262.4 million).
