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.