05 Mar 2019

Robust FY18, strong start to FY19

Entain PLC (ENT:LON) | 671 0 0.0% | Mkt Cap: 4,291m

- Edouard Enault
- 2 pages

GVC reported robust FY18 results. Pro forma EBITDA came in at £755m, in line with the upper end of the £750-755m range guided in January. More importantly, current trading was strong, with NGR growth of 11% (01/01-24/02) vs +9% in FY18. Current trading was, again, online-led with online NGR growth of 22% vs +9% for EU Retail and -2% in UK Retail. FY19 EBITDA is said to be in line with market expectations. The group guided for 10% DPS growth.

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Robust FY18, strong start to FY19

Entain PLC (ENT:LON) | 671 0 0.0% | Mkt Cap: 4,291m

Published: 05 Mar 2019
Author: Edouard Enault
Pages: 2

GVC reported robust FY18 results. Pro forma EBITDA came in at £755m, in line with the upper end of the £750-755m range guided in January. More importantly, current trading was strong, with NGR growth of 11% (01/01-24/02) vs +9% in FY18. Current trading was, again, online-led with online NGR growth of 22% vs +9% for EU Retail and -2% in UK Retail. FY19 EBITDA is said to be in line with market expectations. The group guided for 10% DPS growth.