GVC reported strong H1 19 numbers, with total NGR growing by 6%, on a cc basis. The performance was driven by online (+18% cc) and European retail (+8% cc), which was partly offset by the weakness in UK retail (-12%). Underlying EBITDA came in at £366.8m, with the associated margin at 20.3%. The company also announced an interim dividend of 17.6p/share (+10%). Management upgraded its EBITDA guidance to £650-670m (+£10m vs earlier expectations) while re-iterating online growt
27 Aug 2019
Online strength; lesser UK pain drives guidance upgrade
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Online strength; lesser UK pain drives guidance upgrade
Entain PLC (ENT:LON) | 796 0 0.0% | Mkt Cap: 5,083m
- Published:
27 Aug 2019 -
Author:
Virendra Chauhan -
Pages:
3
GVC reported strong H1 19 numbers, with total NGR growing by 6%, on a cc basis. The performance was driven by online (+18% cc) and European retail (+8% cc), which was partly offset by the weakness in UK retail (-12%). Underlying EBITDA came in at £366.8m, with the associated margin at 20.3%. The company also announced an interim dividend of 17.6p/share (+10%). Management upgraded its EBITDA guidance to £650-670m (+£10m vs earlier expectations) while re-iterating online growt