Aristocrat FY2022 revenue to grow 20pct y-o-y: JP Morgan

Slot-machine maker and game-content provider Aristocrat Leisure Ltd’s business performance in the Americas land-based segment has “recovered beyond pre-Covid-19 levels”, said a Monday note from JP Morgan Securities Australia Ltd.

The institution expects Aristocrat Leisure’s group-wide revenue to grow 19.8 percent year-on-year in financial year 2022, to nearly AUD5.68 billion (US$4.0 billion).

The financial year for the gaming supplier begins on October 1, and ends on September 30 the following calendar year.

JP Morgan expects Aristocrat Leisure’s financial year 2022 earnings before interest, taxation, depreciation and amortisation (EBITDA) to expand by 20.5 percent, to just under AUD1.84 billion.

The institution anticipates Aristocrat Leisure’s actual 2022 net profit after tax will rise 18.3 percent year-on-year, to AUD970 million, from AUD820 million last financial year.

In May, Aristocrat Leisure announced that another measure of profit – normalised net profit after tax, to take account of the fluctuations of currency values relative to the Australian dollar in the markets where it operates – had risen 40.9 percent for first half ending March 31.

Source: https://www.ggrasia.com/aristocrat-fy2022-revenue-to-grow-20pct-y-o-y-jp-morgan/