LONDON, UNITED KINGDOM–(Marketwired – May 16, 2017) – Jackpotjoy plc (LSE: JPJ)

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 (LSE: JPJ), the largest online bingo-led operator in the world, today announces the results of the Jackpotjoy group (the “Group”) for the three months ended 31 March 2017.

Financial summary

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

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 http://www.rns-pdf.londonstockexchange.com/rns/2075F_1-2017-5-15.pdf

This information is provided by RNS
The company news service from the London Stock Exchange
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