GVC released a robust set of Q4 results, marked by continued momentum in the online business (NGR +15%) driven by both sports and gaming brands, more than offsetting the softer results in the EU and UK retail divisions, which were both down by a single-digit. The group guided for a FY18 EBITDA of £750-55m, above our expectations and above Bloomberg’s £739m consensus.
17 Jan 2019
Solid Q4 results despite tough comparatives
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Solid Q4 results despite tough comparatives
Entain PLC (ENT:LON) | 850 -34 (-0.5%) | Mkt Cap: 5,429m
- Published:
17 Jan 2019 -
Author:
Edouard Enault -
Pages:
3
GVC released a robust set of Q4 results, marked by continued momentum in the online business (NGR +15%) driven by both sports and gaming brands, more than offsetting the softer results in the EU and UK retail divisions, which were both down by a single-digit. The group guided for a FY18 EBITDA of £750-55m, above our expectations and above Bloomberg’s £739m consensus.