Excellent 2017 Results for Aristocrat
Australian Aristocrat Leisure has released its results for a twelve-month period ending on September 30, 2017, revealing the company can be more than satisfied with the financial side of its operations.
During the said period, the Sydney-based developer earned $1.9 billion, which is 15% more money than in the previous twelve-month period. Aristocrat also announced that its EBITDA had increased by 24.2%, reaching $760,000.
Numbers Going Up
Net profit after tax and before amortization of acquired intangibles was $543 million, while this figure represents an increase of 36% in reported terms and 40% in constant currency.
Revenue went up by 15% in reported terms and more than 18% in constant currency, to a new record-breaking amount exceeding $2.45 billion. Earnings before interest, tax and depreciation and amortization (EBITDA) grew by 24% in reported terms and around 28% in constant currency.
In addition to this, EBITDA margins increased from 38% to 41% over the period.
The company cites strong performance across its global portfolio as the main driving force behind this result, especially commending the momentum in the home market, the Americas, and Digital and International CIII segments.
Growth to Continue in 2018
According to Aristocrat, it is expected the growth will continue in the next fiscal year.
The company also expects an increased share in the North American period as a result of entering new adjacent market opportunities.
Aristocrat Chief Executive Officer and Managing Director, Trevor Croker, said the company had delivered high-quality results over the 2017 fiscal year, against a backdrop of mostly flat markets and increasing competitive pressure. Croker added the further growth in the company’s core segments had been particularly pleasing, with 52% of revenue deriving from recurring sources.
Aristocrat Leisure Limited is one of the world’s leading providers of gaming solutions, licensed in 240 gaming jurisdictions and operating in 90 countries, employing more than 3500 people around the world.