In achieving a company-wide record financial result for 2020, Gamesys Group Plc celebrated its diversified brand portfolio and operating execution.
Gamesys reported group sales of £772 million, up 75 percent from full-year 2019 figures of £415 million, with the firm claiming to have met its operational goals since combining its legacy Jackpotjoy unit with Gamesys B2C products.
Expanded UK portfolio
Though operating in a challenging COVID-19 climate, Gamesys’ expanded UK portfolio generated a 19 percent rise in year turnover to £423 million (FY2019: £357 million), helped by new brand growth (Virgin Games and Rainbow Riches) and higher active customer expenditure across the board.
In support of its home market expansion, the group recorded a near-doubling of Asian market sales to £218 million (FY2019: £122 million), claiming to be the ‘clear market online casino leader within Japan.’
Meanwhile, the company matched its FY2019 sales performance of £68 million in Europe, claiming that stringent enforcement demands imposed across Spain and Sweden had hampered the growth trend of its European brands.
Gamesys announces a full-year adjusted company EBITDA of £206 million, up 75 percent from FY 2019 figures of £117 million, demonstrating double-digit improvement in all main operating metrics.
London Stock Exchange
An expanded Gamesys recorded a net income of £67 million in its first year of trade on the London Stock Exchange, up 638 percent from the previous year’s earnings of £9 million.
The operator will also highlight its improved balance sheet, which includes a £212 million cash surplus as well as a £312 million reduction in net debt.
Gamesys Group plc CEO Lee Fenton commented: “Despite 2020 being a year like no other, our ongoing focus on operational execution, product innovation and responsible gambling underpinned a strong performance, with pro-forma revenues increasing by 29 percent and pro-forma adjusted EBITDA up 30 percent.
“We continue to go from strength to strength in Asia, while the UK delivered strong double-digit revenue growth – all set against the backdrop of ongoing enhancements to our responsible gambling approach. We also remain excited by our prospects in North America, both in the US and Canada.
“Our focus on recreational customers, our differentiated brands, proprietary technology and established market positions, have attracted record numbers of players in 2020 and we believe this foundation will allow us to continue to deliver sustainable and long-term growth in the year ahead and beyond.”