Aristocrat (Australia) Profits Up 41%
Aristocrat Leisure generated profit after tax and before amortisation of acquired intangibles (NPATA) of $580m representing an increase of 41 per cent in reported terms, and 37 per cent in constant currency, due to the effective execution of the strategy and increasing business capability and resilience.
The Group continued to invest strongly in people, product and innovation which delivered further profitable organic growth across Aristocrat Gaming and Pixel United portfolios, with above industry performance in key segments and genres driving additional share growth despite mixed market conditions.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of $970m is 30 per cent higher on a reported basis and 27 per cent higher on a constant currency basis compared to the PCP.
Aristocrat Chief Executive Officer and Managing Director, Trevor Croker, said “Aristocrat delivered an impressive and resilient performance despite mixed operational conditions and challenges. We took comprehensive action to protect our people and business, while investing strongly to accelerate our growth strategy going forward.
“Our sustained investment in talent, technology and product enables us to continue to take share
wherever we play and delivered significant top and bottom-line growth in the first half of fiscal
“We are accelerating the implementation of our ‘build and buy’ strategy to scale in online Real Money Gaming, which provides further channels for us to distribute our world-leading content. Our ambition is to be the leading gaming platform in the global online RMG industry, and we anticipate being live with i-Gaming products in two jurisdictions in the US by the end of calendar year 2022.
“We continue to make progress in our sustainability efforts, including our commitment to responsible gameplay, and to adopting a Group-wide science-based emissions reduction target by the end of calendar year 2023. Aristocrat enters the second half with excellent fundamentals and strong operational momentum, a robust balance sheet and an abundance of opportunity to accelerate our growth strategy,” Mr Croker concluded.
Source: Aristocrat profit up 40 per cent