Gtech sales up slightly, parent revenue surges

By PBN Staff

ROME – Lottomatica Group, parent of Providence-based GTECH, reported an increase of earnings before interest, taxes, depreciation and amortization of 19.5 percent, to 970 million euros ($1.25 billion at the Jan. 2, 2012, exchange rate of $1.2935 per euro), in a preliminary 2011 report on Tuesday prior to the company’s scheduled full earnings release on March 8.

The company reported that revenue at GTECH increased 14.9 million euros, or 1.8 percent, to 857 million euros ($1.1 billion) for the year. Across all its business segments, Lottomatica reported a revenue gain of 28.5 percent to 2.97 billion euros ($3.84 billion), with nearly all that gain coming in its Italian operations.