Jackpotjoy plc: 3rd Quarter Results
/EINPresswire.com/ -- LONDON, UNITED KINGDOM--(Marketwired - Nov 14, 2017) - Jackpotjoy plc (
Jackpotjoy plc
Results for the Three Months and Nine Months Ended 30 September 2017
Q3 revenue up 14% year on year
Remain confident in meeting upper end of expectations
LONDON, 14 November 2017 - Jackpotjoy plc (
Financial summary
| Three months ended 30 Sept 2017 (£m) | Three months ended 30 Sept 2016 (£m) |
Reported Change % | Nine months ended 30 Sept 2017 (£m) | Nine months ended 30 Sept 2016 (£m) |
Reported Change % | |||||||
| Gaming revenue | 75.4 | 66.4 | 14 | 222.0 | 194.0 | 14 | ||||||
| Net loss (as reported under IFRS) | (7.7 | ) | (18.6 | ) | 59 | (27.7 | ) | (28.4 | ) | 2 | ||
| Adjusted EBITDA | 26.7 | 25.6 | 4 | 85.9 | 77.1 | 11 | ||||||
| Adjusted net income | 18.3 | 21.2 | (14 | ) | 60.9 | 63.7 | (4 | ) | ||||
| Operating cash flows | 32.6 | 18.3 | 78 | 78.2 | 63.3 | 24 |
Financial highlights for the third quarter
- Strong financial performance:
- Gaming revenue rose 14%, supported by 12% growth in the Jackpotjoy segment and 28% growth at Vera&John
- Adjusted EBITDA increased 4%, reflecting planned increase in marketing costs
- Adjusted net income decreased 14% year on year due to higher interest costs related to additional debt acquired to pay the earn-out
- Gaming revenue rose 14%, supported by 12% growth in the Jackpotjoy segment and 28% growth at Vera&John
- Ongoing good cash generation and net debt reduction:
- Operating cash flow growth of 78% year on year, including a working capital inflow
- 44p of operating cash flow per share(
- Adjusted EBITDA to cash conversion of over 100%
- Adjusted net debt reduced by £23.4 million; adjusted net leverage ratio of 3.35x reduced from 3.60x at 30 June 2017
- Operating cash flow growth of 78% year on year, including a working capital inflow
Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/4157W_1-2017-11-14.pdf
This information is provided by RNS
The company news service from the London Stock Exchange
Contacts:
RNS
Customer
Services
0044-207797-4400
rns@londonstockexchange.com
http://www.rns.com
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
