Aristocrat profit down 47% for full-year 2020
Aristocrat saw profit after tax and before amortisation decline by 47% year-on-year for the fiscal year ending 30 September 2020, to a total of AU$476.6m (US$348.8m).
Total revenue was AU$4.14bn for the same period, a drop of 6% from the year before, while EBITDA totalled AU$1.09bn, down 32%.
The company’s digital segment was its most valuable during the year, generating 57% of total revenue. The Americas segment was its second highest, totalling 33% of all revenue.
As of 30 September, Aristocrat is licensed in 328 jurisdictions in 84 countries across the globe. The company employs more than 6,000 employees, the majority of which are located in the US.
According to the Australian gaming supplier, it was able to maintain strong operational momentum despite the disruptions created by the COVID-19 pandemic.
From March, the supplier said financial results for its land-based business were “materially impacted” by the closure of properties as a result of the pandemic, the implementation of capacity restrictions and other social distancing measures.
Looking forward, Aristocrat said it is “well placed to maintain a long-term trajectory of high quality, sustainable growth.” The company praised its liquidity position, low debt and strong balance sheet.
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