Source - LSE Regulatory
RNS Number : 2745V
Gamesys Group PLC
13 April 2021
 

 

Gamesys Group plc
Q1 2021 Trading Update

LONDON (UK), 13 April 2021 - Gamesys Group plc (LSE: GYS) (the 'Group') announces an update on Q1 trading for the three month period ending 31 March 2021.

The Group is pleased to report a strong performance in Q1 2021, with total revenues of £197.8m representing an increase of 27% compared to Q1 2020. The trends seen across our international markets have been broadly consistent with Q4 2020 and include strong growth in our two most significant regions, the UK and Asia.

Cash generation continues to be a standout feature and deleveraging has continued into 2021 to further underpin our robust balance sheet.

Lee Fenton, Chief Executive Officer, Gamesys Group plc, commented: "Our ongoing focus on operational execution, product innovation and enhanced safer gambling that was communicated at our FY20 results has continued into 2021, culminating in another strong performance in Q1. Our talent base continues to grow, our technology continues to evolve and we are always learning how to serve our players with a better, fully personalised customer experience, all of which gives the Board confidence in our ability to drive long term sustainable growth."

About Gamesys Group plc

Gamesys Group plc is the parent company of an online gaming group that provides entertainment to a global consumer base. Through its subsidiaries, Gamesys Group plc currently offers bingo and casino games to its customers using brands which include Jackpotjoy (www.jackpotjoy.com), Virgin Games (www.virgingames.com), Botemania (www.botemania.es), Vera&John (www.verajohn.com), Heart Bingo (www.heartbingo.co.uk), Monopoly Casino (www.monopolycasino.com), Rainbow Riches Casino (www.rainbowrichescasino.com) and MEGAWAYS Casino (www.megawayscasino.com).

Enquiries

Gamesys Group plc

Jason Holden, Director of Investor Relations

+44 (0) 207 478 8150

jason.holden@gamesysgroup.com

Finsbury

James Leviton, Robert Allen

+44 (0) 207 251 3801

gamesysgroup-LON@finsbury.com

 

Forward looking information

Whether actual results and developments will conform with the expectations and predictions contained in the forward-looking information is subject to a number of risks and uncertainties, many of which are beyond the Group's control. Factors that could cause actual results or outcomes to differ materially from the results expressed or implied by forward-looking statements include, among other things: risks relating to the lack of available and qualified personnel or management; stock market volatility; taxation policies; competition; foreign operations; the Group's limited operating history and the Group's ability to access sufficient capital from internal or external sources.

There can be no assurance that forward-looking statements will prove to be accurate, as actual results may differ materially from those expressed in or implied by the forward-looking information contained in this news release. All forward looking information in this news release speaks as of 13 April 2021. While subsequent events and developments may cause the Group's expectations, estimates and views to change, the Group does not undertake or assume any obligation to update or revise any forward-looking information, except as required by applicable law.

 

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