LONDON, UNITED KINGDOM--(Marketwired - May 16, 2017) - Jackpotjoy plc (
LSE: JPJ
Jackpotjoy plc
Results for the Three Months ended 31 March 2017
Gaming revenue up 11% year-on-year
Full year 2017 outlook confirmed
LONDON, 16 May 2017 - Jackpotjoy plc (
Financial summary
Three months ended 31 March 2017 £m) |
Three months ended 31 March 2016 £m) |
Reported Change % |
||||
Gaming revenue | 71.4 | 64.2 | 11 | |||
Net (loss)/income (as reported under IFRS) | (15.3) | 5.1 | - | |||
Adjusted EBITDA1 | 29.2 | 28.0 | 4 | |||
Adjusted net income1 | 20.8 | 23.4 | (11) |
Group financial highlights
- Solid financial performance:
- Gaming revenue growth of 11% driven by 14% growth in the Jackpotjoy segment (71% of revenue)
- Adjusted EBITDA1 increased 4%, or 9% excluding income of £1.2m earned from the revenue guarantee in the prior year
- Adjusted net income1 down 11% due to higher interest expense from additional debt facility obtained in Q4 2016, and the impact of income earned from the revenue guarantee in the prior year
- Strong ongoing cash generation:
- 31.3p of operating cash flow per share2. Excluding one-time/exceptional items3, this metric would increase to 40.3p per share2
- 80% conversion rate from Adjusted EBITDA1 to operating cash flow. Excluding one-time/exceptional items3 this metric would increase to 103%
- Gross cash of £112.3m at 31 March 2017
- Adjusted net debt4 of £407.3m at 31 March 2017 (£408.1m at 31 December 2016)
- No change to full year 2017 outlook - management expects revenue growth in line with market growth rates
Enquiries | ||
Jackpotjoy plc | ||
Jason Holden | +44 (0) 207 016 9866 | |
Director of Investor Relations | +44 (0) 7812 142118 | |
jholden@jackpotjoyplc.com | ||
Jackpotjoy Group | ||
Amanda Brewer | +1 416 720 8150 | |
Vice President of Corporate Communications | ||
amanda.brewer@jackpotjoygroup.com | ||
Media Enquires | ||
Finsbury | +44 (0) 207 251 3801 | |
James Leviton | ||
Andy Parnis | ||
jackpotjoy@finsbury.com |
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