NOVOMATIC: Rating upgrade ”BB+” by Standard & Poor's with stable outlook
⏱ 1 min read
(Gumpoldskirchen)– In the course of the current rating, Standard & Poor's analyzed the strengths and risks of NOVOMATIC AG in comparison to international competitors and currently rates the Group with a “BB+”. S&P justifies the upgrade of the rating from “BB” to “BB+” with NOVOMATIC's solid operating performance in fiscal year 2022 and the reduction of debt.
Against the backdrop of the recovery in the Gaming Technology and Gaming Operations segments due to the lifting of COVID restrictions in all markets, several acquisitions as part of the international expansion strategy contributed to profit growth in FY 2022. Foremost among these was the acquisition of a majority stake in the Italian HBG Group.
“The improvement in our rating once again confirms not only the success of our dual strategy as a producer and an operator, but also our growth and investment strategy in our core markets. This puts NOVOMATIC among the top credit ratings in Europe and puts it in an excellent 2nd place in global comparison, ahead of other gaming technology groups,” emphasizes NOVOMATIC AG Executive Board Member Johannes Gratzl.
Sustainability commitment awarded many times
NOVOMATIC also received important awards and top ratings in the context of non-financial reporting for its great commitment to sustainability, such as in the Sustainalytics ESG Risk Rating. Recently voted “Best Employer in Lower Austria” by the MARKET Institute, NOVOMATIC is aware of its responsibility towards its employees. With its own training programs, such as a “Corporate Coding Academy” for future developers or a program for the casino managers of tomorrow, the company, which was awarded the title of “Leitbetrieb”, has already received numerous other employer awards, such as the “berufundfamilie” seal of approval from the Ministry of Family Affairs for family-friendly employers or that for “Betriebliche Gesundheitsförderung”.
Categoría:Others
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País: Austria
Región: EMEA
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