Jackpotjoy plc: 3rd Quarter Results
(firmenpresse) - LONDON, UNITED KINGDOM -- (Marketwired) -- 11/14/17 -- Jackpotjoy plc (LSE: JPJ)
Jackpotjoy plc
Results for the Three Months and Nine Months Ended 30 September 2017
Q3 revenue up 14% year on year
Remain confident in meeting upper end of expectations
LONDON, 14 November 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 nine months ended 30 September 2017.
Strong financial performance:
Gaming revenue rose 14%, supported by 12% growth in the Jackpotjoy segment and 28% growth at Vera&John
Adjusted EBITDA increased 4%, reflecting planned increase in marketing costs
Adjusted net income decreased 14% year on year due to higher interest costs related to additional debt acquired to pay the earn-out
Ongoing good cash generation and net debt reduction:
Operating cash flow growth of 78% year on year, including a working capital inflow
44p of operating cash flow per share(
Adjusted EBITDA to cash conversion of over 100%
Adjusted net debt reduced by £ 23.4 million; adjusted net leverage ratio of 3.35x reduced from 3.60x at 30 June 2017
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Datum: 14.11.2017 - 06:00 Uhr
Sprache: Deutsch
News-ID 1528605
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Video Games
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