Casinos Austria and Austrian Lotteries: Record Highs for Sales, Operating Profit and Tax Payments
Vienna, 7 March 2019
For immediate release
In the 2018 business year, the Casinos Austria and Austrian Lotteries Group posted – based on provisional figures – consolidated sales of 4.49 billion euros, an increase of 11.7 percent compared to the previous year. This positive development clearly shows that the products and services offered by the individual companies in the group are well received by the market. Positive for customers: the group paid out winnings of 3.15 billion euros – a record high.
The operating profit of 143.95 million euros is equally positive and represents a further rise year-on-year.
The group result of 92.66 million euros lies slightly below that of the previous year (100.63 million euros). However, when adjusted for one-time effects at the Austrian and international casinos, an increase is also achieved here.
A direct consequence of the positive development in sales is the record amount of taxes paid: the Casinos Austria and Austrian Lotteries Group paid over 620 million euros in taxes in 2018 and is thus one of the biggest taxpayers in Austria.
“We are pleased with the results for the 2018 fiscal year. Our staff have done a great job, and we have topped our record results in 2017 with significant operative gains in practically all our business units. Austrian Lotteries in particular posted very good results, while our casinos in Austria faced some headwind. The outlook for our group thus continues to be positive. A serious of innovative steps are planned for or already being taken in the current fiscal year to further strengthen our portfolio for the contemporary target group and thus safeguard our future profitability,” said Director General Alexander Labak.
Austrian Lotteries recorded sales of 3.94 billion euros in 2018, – the highest annual sales in the company’s history. This is in turn reflected in its operating profit for the year, which lies at 75.7 million euros. These positive results can be attributed above all to the successful introduction of the LottoPlus product at the end of 2017 as well as to the improved sales performance and actively pursued digitalization offensive. The first seven-time rollover jackpot in Lotto history naturally also played its part.
The online gaming platform win2day profited from the introduction of Novomatic products, increasing its sales for the year by 11.74 percent to 1.8 billion euros.
The 19 WINWIN outlets (Video Lottery Terminals) are now back in the profit zone, posting sales of 731.58 million euros, an increase of 39.3 percent compared to 2017.
The results at Casinos Austria International are equally gratifying: a clear rise in revenues to 150.5 million euros (2017: 131.76 million euros) produced the company’s best operating result for many years (17.4 million euros). The 5.9 million euros effective in the group result contain one-time costs for site adjustments.
The twelve Austrian casinos posted gaming revenues of 314.13 million euros in the 2018 fiscal year (2017: 330.14 million euros) – their third-highest revenues in the last fifteen years. Given the negative impact of the new competition situation in Liechtenstein or the necessary adjustment of provisions for personnel-related payments in line with new mortality tables and other personnel measures, the resulting operating profit of 6.1 million euros (2017: 18.7 million euros) is an acceptable result.
The sports betting brand tipp3, in which the Casinos Austria and Austrian Lotteries Group holds a 56 percent share, performed well against other national and international betting companies during the FIFA World Cup and posted results at a similar level to the previous year.
Outside its core business, social engagement has always been a central area of focus for the Casinos Austria and Austrian Lotteries Group. Our activities in this regard include, for example, the introduction of a comprehensive nationwide corporate volunteering program that is one-of-a-kind in Austria and allows staff across our group to spend a full working week volunteering for defined social projects. Through this program, our staff donated over 2,300 working hours in 2018 to good causes. “I am very proud of the enormous personal commitment demonstrated by our staff. Our five-day corporate volunteering program also gave me the opportunity to experience for myself just how fulfilling such an experience can be,” said Director General Alexander Labak.
For further information, please contact:
Head of Corporate Communications
Casinos Austria AG and Österreichische Lotterien GmbH
Tel.: +43/0/664 527 55 82
Websites: www.casinos.at www.lotterien.at
Photo: Casinos Austria Group Management Board: Alexander Labak, Bettina Glatz-Kremsner, Dietmar Hoscher (from l. to r.)
© Rita Newman for Casinos Austria, Publication free of charge