| Ouverture: | - |
| Variation: | - |
| Volume: | - |
| + Bas: | - |
| + Haut: | - |
| Ecart + Bas / + Haut: | - |
| Type: | Actions |
| Ticker: | JPJ |
| ISIN: | GB00BZ14BX56 |
JPJ Group PLC Announces 1st Quarter Results
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LONDON, UK / ACCESSWIRE / May 15, 2019 / JPJ Group plc (LSE: JPJ) (the 'Group'), a leading global online bingo-led operator, today announces the results for the three months ended 31 March 2019.
Financial summary1
|
| Three months ended 31 March 2019 (£m) | Three months ended 31 March 2018 (£m) | Change (%) |
| Gamingrevenue | 83.3 | 74.0 | 13 |
| Netincome/(loss) from continuing operations (as reported under IFRS) | 7.9 | (8.0) | - |
| AdjustedEBITDA2 | 29.0 | 24.9 | 16 |
| Adjustednet income2 | 22.6 | 19.1 | 18 |
| Operatingcash flows | 20.6 | 24.4 | (16) |
| Dilutednet income/(loss) per share from continuing operations3 | 0.11 | (0.11) | - |
| Dilutedadjusted net income per share from continuing operations2,3 | 0.30 | 0.26 | 15 |
Financial highlights forfirst quarter
• Good financial performance
o Gaming revenue rose 13% year-on-year, driven by strong organic growth4 at Vera&John
o Adjusted EBITDA2 increased 16% year-on-year highlighting operating leverage at Vera&John
o Adjusted net income2 increased by 18% year-on-year
• Strong ongoing cash generation and reduction in net debt
o Completed the sale of the Mandalay business for £18.0 million on 12 March 2019 - a £12.0 million cash consideration was received upfront with the outstanding £6.0 million to be paid in September 2019
o Free cash flow5 of £18.8 million and adjusted net debt6 of £274.8 million (compared to £302.1 million at 31 December 2018)
o Adjusted net leverage ratio7 of 2.44x reduced from 2.68x at 31 December 2018
• Following the positive start to 2019, the Group continues to trade in line with management's expectations
Operational highlights
• Continued improvement in core KPIs8,9 year-on-year:
o Average Active Customers per Month8,9 grew to 242,938 in the twelve months to 31 March 2019, an increase of 8% year-on-year
o Average Real Money Gaming Revenue per Month8,9 grew to £25.7 million, an increase of 12% year-on-year
o Monthly Real Money Gaming Revenue per Average Active Customer8,9 of £106, an increase of 4% year-on-year
Click on, or paste the following link into your web browser, to view the full announcement
http://www.rns-pdf.londonstockexchange.com/rns/0366Z_1-2019-5-14.pdf
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
SOURCE: RNS London Stock Exchange
View source version on accesswire.com:
https://www.accesswire.com/545457/JPJ-Group-PLC-Announces-1st-Quarter-Results
