Paddy power Betfair released a mixed set of first half results, marked by solid growth in sports stakes hampered by tough comparatives, customer friendly results and weaker gaming in Q2. Key highlights On a proforma, underlying* basis: Revenue up 9%, to £827m Underlying EBITDA up 21%, to £220m Underlying operating profit up 22%, to £180m FY17 underlying EBITDA guidance (incl. DRAFT): £445m-465m (AV: £455m) Interim dividend up 63%, at 65p *Excluding £75m non
08 Aug 2017
Governance concerns, weaker gaming hampers solid stakes growth in H1
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Governance concerns, weaker gaming hampers solid stakes growth in H1
Flutter Entertainment Plc (FLTR:LON) | 14,805 11103.8 0.5% | Mkt Cap: 26,271m
- Published:
08 Aug 2017 -
Author:
Edouard Enault -
Pages:
3
Paddy power Betfair released a mixed set of first half results, marked by solid growth in sports stakes hampered by tough comparatives, customer friendly results and weaker gaming in Q2. Key highlights On a proforma, underlying* basis: Revenue up 9%, to £827m Underlying EBITDA up 21%, to £220m Underlying operating profit up 22%, to £180m FY17 underlying EBITDA guidance (incl. DRAFT): £445m-465m (AV: £455m) Interim dividend up 63%, at 65p *Excluding £75m non