Gamesys Boast of a Superb Set of Trading Figures
The Gamesys Group (GYS) have announced what they are describing as an “excellent financial performance and operational execution” for the six-month trading period, which ended on June 30th this year. They reported that in the UK market, the number of active customers grew by an astonishing £197.4 million, which represent an increase of 20.2% when compared to the previous trading period. The Asian market also performed admirably with an increase of 29.4% to £128 million, which Gamesys described as a “record performance” which builds on “well-established momentum and against extremely strong comparatives”.
It was not such good news in the European markets as revenue dropped by 29.3% to £24.3 million, and even though the revenue in the rest of the world market fell fractionally, the Gamesys performance in Canada reported triple-digit growth.
Net income across the board fell by 40% to £14 million, but this figure has been attributed to a UK corporation tax rate adjustment from 19% to 25%.
Lee Fenton of Gamesys said
The group has delivered another set of excellent results for the first half of 2021 with revenue growth of 17 per cent and adjusted EBITDA increasing by 16 per cent during the period.
This performance reflected significant double-digit revenue growth in our key markets of the UK and Asia, and our continuing strong cash flow has seen leverage reduce further.
We are fully focused on operational execution, product innovation, and the enhancement of safer gambling initiatives across all of our markets, and we remain fully confident in the group’s ability to deliver long-term sustainable growth.
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