Supplier News
Australia – Ainsworth predicts growth in 2014 of 14 per cent
By Phil - 5 September 2013
Ainsworth Game Technology is predicting further growth in 2014 having seen revenues for the year end June 30 reach A$198.1m up from A$150.6m a year ago.
Net profit after tax slid though coming in at A$52.2m against A$64.3m. The company believes that based on internal forecasts, including orders delivered and on hand, profit after tax in the first half of fiscal year 2014 to be at least 15 per cent ahead of the A$22m reported for the half year ended December 31, 2012. Further revenue growth is expected for the fiscal year 2014 within all International markets as new Premium Plus games are approved further providing the platform for footprint expansion of recurring revenue units in the Americas.
Sales revenue of $198.1m was recorded in 2013 compared to $150.6m in 2012, an increase of 32 per cent.
Within domestic markets revenue achieved was $124.4m, an increase of 17 per cent over the prior corresponding year in 2012.
New South Wales, Queensland and Victoria contributed 94 per cent of domestic revenue. The company stated: “The continued success of the A560 gaming machine, release of new game combinations and leading product performance resulted in the group further increasing its market share in these markets. The increased revenue within Australia was primarily due to the product development strategies previously introduced providing continued high yielding performance and the expansion of the cabinet variants within the A560 product family.” The Victorian market contributed revenue of $16.8m, in the second half of FY13, an increase of 349 per cent compared to the six months ended 31/12/2012 as transitional changes to the new monitoring provider were implemented and the A560 was released.
International revenue was $73.7m compared to $47.5m in 2012, representing an increase of 55 per cent. The key markets of North and South America contributed 85 per cent of total international revenue, an increase of 70 per centover the corresponding year in
2012. The group expects to achieve further increases in international revenue in FY14, from additional initiatives complemented by the increased resources and capability within the Americas. Combined with the ongoing release of newly developed product initiatives, the establishment of an operational base for North America in Las Vegas, Nevada in 2012 is expected to assist in the achievement of growth objectives.
Revenue from other international markets of New Zealand, Europe and Asia contributed $11.1m (15 per cent of international revenue), an increase of seven per cent on the corresponding period in 2012. The market of Asia represented 56 per cent of revenue within these geographical segments and achieved a 94% increase over the same period in 2012.
