GVC reported strong Q1 19 numbers, with total NGR growing by 9%, on a cc basis. The strong performance was driven by solid online momentum (18% at cc with gaming up 20% and sports up 17%). UK retail reported a flat start to the year while European retail grew by 3%. Management reiterated its expectation of double-digit growth in online NGR, EBITDA and operating profit in line with expectations and a 10% hike in the dividend.
08 Apr 2019
Slow end to Q1, UK regulatory pain set to hit
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Slow end to Q1, UK regulatory pain set to hit
Entain PLC (ENT:LON) | 822 27.9 0.4% | Mkt Cap: 5,252m
- Published:
08 Apr 2019 -
Author:
Virendra Chauhan -
Pages:
2
GVC reported strong Q1 19 numbers, with total NGR growing by 9%, on a cc basis. The strong performance was driven by solid online momentum (18% at cc with gaming up 20% and sports up 17%). UK retail reported a flat start to the year while European retail grew by 3%. Management reiterated its expectation of double-digit growth in online NGR, EBITDA and operating profit in line with expectations and a 10% hike in the dividend.