81% growth rate: a strong finish for Aristocrat’s FY21
With vigour and optimism, the gaming manufacturer looks to future developments.
Aristocrat Leisure Limited announced its financial results for fiscal year 2021, a period ending September 30. Growth remained strong on several fronts, solidifying a bullish demeanor for the gambling machine manufacturer as it heads into the new financial year.
The Australian-based company saw net profit after tax and amortization for FY21 come to $865m, a growth rate of 81%. EBITDA stood at $1.5bn, growth of 43% on a reported basis. Altogether, group revenue increased to $4.7bn, an increase of 14.4% in reported terms.
The strong performance has been attributed in the report to growth in Aristocrat’s North American Gaming Operations, North American and ANZ Outright Sales, and the mobile games segment known as Pixel Games.
Indicative of the quality of its products, 80% of Aristocrat’s revenue came from recurring sources rather than new products. But this dependency does not come at the exclusion of new products: the company $527.6m of on design and development, a figure representing 11.1% of overall revenue.
Group CEO and Managing Director, Trevor Croker, struck an upbeat tone: “The results and momentum we’ve delivered this year demonstrates the successful execution of our growth strategy.
“We continued to take share and deliver above-category organic growth over the year through sustained investment in outstanding product, people and capability, and further strengthening our business fundamentals.”
He then comments on the raised prospects for the upcoming year: “Aristocrat enters fiscal 2022 with excellent operational momentum, business resilience, and an appetite to continue to invest organically and through M&A to accelerate growth strategy.”
In the new year, management is looking forward to enhancing its positions in gaming operations, further growth in its gaming outright sales and its Pixel United bookings, and continued investment in design and development.
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