Supplier News
UK – Talarius’ full year results show strong growth
By Phil - 22 August 2014
Tatts Group, listed on the Australian Securities Exchange, has published its full year results, including those for its UK operation, Talarius.
Talarius operates gaming machines in high street venues and selected motorway service areas across the United Kingdom, mainly under the Quicksilver brand.
Talarius was a standout performer for the Tatts Group in 2014 with revenue up 32.8 per cent to AUD$103.6m, EBITDA up 76.6 per cent to A$13.6m and EBIT up 506.8 per cent to $4.1m
The strong results reflect the like-for-like sales growth from Talarius’ core adult gaming centre business. This improvement has been driven by the refurbishment of profitable venues and the extension of operating hours at popular sites to meet customer demand. In addition, a new dedicated training program to develop Talarius’ venue managers is already delivering positive revenue outcomes which are expected to continue in 2015. Initiatives such as this has seen the operation of the business steadily improve despite the challenging economic background of the past few years.
Peter Harvey, chief operating officer at Talarius, said: “I am delighted to report a strong set of results for Talarius. In 2014 we executed our strategy to lay a foundation for long term growth and drive the business forward. We are already seeing the benefits of the development initiatives we implemented to increase sales, which includes the refurbishment of our venues, increased investment in our staff and machine estate while always maintaining a tight control on costs. Looking ahead, the strong momentum has continued into the first half which gives us confidence of continued growth in 2015.”
