SOURCE: Jackpotjoy PLC

August 15, 2017 07:00 ET

Jackpotjoy PLC: Interim Results ended 30 June 2017

LONDON, UNITED KINGDOM--(Marketwired - Aug 15, 2017) - Jackpotjoy PLC (LSE: JPJ)

LSE: JPJ

Jackpotjoy plc
Results for the Three and Six Months ended 30 June 2017

Q2 revenue up 17% year-on-year
Full year 2017 outlook confirmed

LONDON, 15 August 2017 - Jackpotjoy plc (LSE: JPJ), the largest online bingo-led operator in the world, today announces the results of the Jackpotjoy group (the "Group") for the three and six months ended 30 June 2017.

Financial summary

    Three months ended
30 June 2017
(£m)
  Three months ended
30 June 2016
(£m)
  Reported
Change
%
  Six months ended
30 June 2017
(£m)
  Six months ended
30 June 2016
(£m)
  Reported
Change
%
Revenue   75.2   64.3   17   146.6   129.7   13
Net (loss)/income (as reported under IFRS)   (4.8)   (14.9)   68   (20.1)   (9.8)   (105)
Adjusted EBITDA1   30.0   23.5   28   59.2   51.5   15
Adjusted net income1   21.8   19.1   14   42.6   42.6   -
Operating cash flows   22.3   18.4   21   45.6   44.9   2
                         

Financial highlights for the second quarter

  • Strong financial performance:

    -- Revenue grew 17%, or 16% on a like for like constant currency basis

    -- 18% revenue growth in the Jackpotjoy segment (70% of Group revenue)

    -- Adjusted EBITDA1 increased 28%, or 31% on a like for like constant currency basis, reflecting strong growth across all business segments

    -- Adjusted net income1 increased 14% year on year

  • Strong cash generation:

    -- Operating cash flow growth of 21% year on year

    -- 30p of operating cash flow per share2

    -- Debt pay-down continues; adjusted net leverage ratio3 including earn-out liabilities down to 3.6x

    -- Gross debt including earn-outs reduced from £514.8 million at 31 December 2016 to £414.5 million

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http://www.rns-pdf.londonstockexchange.com/rns/9807N_1-2017-8-15.pdf

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