IGT international sales up 63.4%

The third quarter of 2019 was a strong one for IGT, reporting revenue of $1.15bn, up three per cent.

The major slot machine manufacturer saw sales of its machines up 44 per cent and CEO Marco Sala said: “Our leading positions are rooted in our focus on player-driven performance.”

The company generated cash flow over $450m in the first nine months of the year, but operating income fell 23 per cent from $200m to $154m and EBITDA fell from $257m to $221m.

During the quarter the company shipped 4,941 machines in the North American market, a sharp rise from the 3,841 of the same quarter of 2018. Internationally, the group delivered 5,244 units compared with 3,210, a rise of 63.4 per cent.

The company is anticipating a full-year EBITDA in the range of $1.6-$1.7bn, which would be unchanged.