Aristocrat rebounds from Covid-19 a stronger company

Pokie machine manufacturer and and online gamming business Aristocrat Leisure has rebounded from a nadir during the Covid-19 pandemic a stronger, more diverse and resilient business, according to the company’s FY21 report.

The Sydney company saw an 81 per cent growth in net profit after tax to $865 million, up 102 per cent on the previous year and close to 2019 levels before the pandemic forced the closure of gaming facilities worldwide.

Operating profit or EBITA was up 65.6 per cent to $1.28 billion on revenue up 14 per cent to $4.7 billion.

The rebound reflected strong product growth and profitable growth across its gaming and Pixel United online businesses, according to CEO Trevor Croker.

He said the group retained its leading position in game design, development and technology, allowing it to grow market share in core business segments.

Croker said: “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.

“Our progress is reflected in the share growth and margin expansion achieved.”

Croker said the company had launched new products in the area of responsible gameplay in the year, and would adopt science-based greenhouse gas reduction targets by the end of 2023.

Picture: Aristocrat Leisure Limited

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