Paddy Power Betfair released a strong set of Q3 results. Results Total revenues were up 25%, to £404m, although this included a £28m positive one-off from the translation of non-UK revenues due to sterling’s devaluation. Excluding this, total revenues were up by 15%. EBITDA grew 53% to £113m, representing a 28% margin, 5 points higher than in Q3 15. EBIT was up 68% and reached £95m. The performance was driven by strong growth in all three main divisions: Online w
04 Nov 2016
Q3 release: continued traction in Online and Retail activities
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Q3 release: continued traction in Online and Retail activities
Flutter Entertainment Plc (FLTR:LON) | 14,818 -34080.3 (-1.5%) | Mkt Cap: 26,293m
- Published:
04 Nov 2016 -
Author:
Edouard Enault -
Pages:
3
Paddy Power Betfair released a strong set of Q3 results. Results Total revenues were up 25%, to £404m, although this included a £28m positive one-off from the translation of non-UK revenues due to sterling’s devaluation. Excluding this, total revenues were up by 15%. EBITDA grew 53% to £113m, representing a 28% margin, 5 points higher than in Q3 15. EBIT was up 68% and reached £95m. The performance was driven by strong growth in all three main divisions: Online w