IGT Reports 4th Quarter And Full Year 2015 Results

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IGT Reports 4th Quarter And Full Year 2015 Results

2015 Transformation for IGT as Financial and Operational Discipline Proves Fourth Quarter and Full Year Results

IGT (International Game Technology) says that the company, in 2015, experienced a “year of transformation” despite its pro forma losses with its key financials. From January 1, 2015 through December 31, 2015, IGT reported its full-year revenues at $5.1 billion. Comparing this figure with the previous year it’s a 12% loss.

Adjusted earnings pro forma earnings amounted to $1.7 billion. This includes all earnings before interest, tax and depreciation as well as amortization. 2014 pro forma was reported at $2 billion which makes this year decline nearly 16%.

Chief Executive of IGT, Marco Sala commented on the release of figures saying,

“We ended a year of transformation with a strong quarter for our lottery and gaming operations, enabling us to reach the high end of our EBITDA guidance. We established IGT as the global gaming leader with a commitment to being a customer-first organisation and to deliver the content, technology, and expertise that drives player demand. We are confident that we have established a solid foundation from which we can continue to lead the gaming industry and grow our business.”

Adjusted operating income was reportedly increased by 22% amounting to more than $1 billion.

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