IGT ‘in strong financial position’

International Game Technology has reported financial results for the fourth quarter and full year ended December 31, 2019.

“We achieved the high end of our profit and cash flow expectations for 2019, led by strong results for our North America gaming and Italy segments,” said CEO Marco Sala.

“In the full year, we grew global gaming product sales by more than 20 per cent thanks to higher unit shipments and the success of our new games. Global lottery same-store revenue also rose.

“We are closely monitoring the impact of the coronavirus outbreak. Apart from this, solid operational performance across products and regions should support continued momentum in 2020.”

“2019 marked an important inflection in cash flows for IGT,” said Timothy Rishton, interim CFO of IGT. “Having generated $1.1bn in cash from operations, we invested in the business, paid down debt and returned capital to shareholders. We enter 2020 in a strong financial condition.”