Australian slot machine supplier Ainsworth Game Technology reported revenue of AU$124.1 million (US$84 million) in the six months to 31 December 2022, representing a 23.4% year-on-year increase and 4.6% higher than the six-month period through June.
The improved results came on the back of growth across all jurisdictions, with Latin America revenues soaring by 49% year-on-year to AU$33.1 million (US$22 million) thanks to venue re-openings in Mexico and Peru.
In Australia, domestic revenue grew by 39% to AU$23.2 million (US$16 million) – led by NSW which also enjoyed a 16% increase over the six months to 20 June 2022.
North America booked a 9% year-on-year revenue increase to AU$59.7 million (US$40 million), comprising 59% of Ainsworth’s international revenue. The company said it booked a 10% increase machines under operation to 2,827 for the period, while machines under participation and lease contributed 59% of North American revenues.
The Rest of the World segment saw revenues grow by 79% to AU$8.1 million (US$5.5 million).
While profit after tax of AU$5.9 million (US$4 million) was 35% lower year-on-year due to currency effects and one-off-items, Ainsworth highlighted that underlying profit before tax of AU$18.8 million (US$13 million) was 88% higher year-on-year. Underlying EBITDA of AU$26.4 million (US$18 million) was 27.5% higher year-on-year.
“I am pleased to report that continued progress in the current period against established strategies have been implemented which are expected to ensure improved earnings from Ainsworth in coming periods,” said Ainsworth CEO Harald Neumann.
“Ainsworth’s performance continued to improve through the year driven by re-openings and recovery in many of our major international markets. I am confident that the investments we have made to fundamentally upgrade our technology, hardware and improve game performance is expected to deliver further improvement in our results. This is key to our long-term sustained success.”
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