Strong 4Q18 KPI’s from GVC, despite tough YoY comps, due to run of results favouring bookies in 4Q17. Sports brands NGR +15% in cc, despite GW margin -150bps, Games brands +18% in cc, Europe retail -8% in cc, GW margin in Europe -360bps, however FY18 +11% YoY. UK retail -3% in cc and -3% for FY18 inline with expectations. Overall group NGR +6% YoY in cc and +9% for FY18. Management confirms FY18 EBITDA at £750m-£755m, inline with our expectations at £750m which is at t
17 Jan 2019
4Q18 trading update
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
4Q18 trading update
Entain PLC (ENT:LON) | 821 -18.1 (-0.3%) | Mkt Cap: 5,248m
- Published:
17 Jan 2019 -
Author:
Michael Campbell -
Pages:
3
Strong 4Q18 KPI’s from GVC, despite tough YoY comps, due to run of results favouring bookies in 4Q17. Sports brands NGR +15% in cc, despite GW margin -150bps, Games brands +18% in cc, Europe retail -8% in cc, GW margin in Europe -360bps, however FY18 +11% YoY. UK retail -3% in cc and -3% for FY18 inline with expectations. Overall group NGR +6% YoY in cc and +9% for FY18. Management confirms FY18 EBITDA at £750m-£755m, inline with our expectations at £750m which is at t