GVC is showing healthy double digit growth in the online business where Net Gaming Revenue (NGR) in Sports Brands was +18%cc (margin +120bps to 10.4%, and Games Brands was +18%cc. UK Retail NGR, impacted by adverse weather was -5%, however Eurobet is growing strongly where NGR was +28%cc. Total group NGR was +7%. Furthermore, management confirmed 30% upgrade to synergies to £130m from LCL deal by 2021.
25 May 2018
Trading update – first 20 weeks
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Trading update – first 20 weeks
Entain PLC (ENT:LON) | 557 -89.1 (-2.8%) | Mkt Cap: 3,565m
- Published:
25 May 2018 -
Author:
Michael Campbell -
Pages:
3 -
GVC is showing healthy double digit growth in the online business where Net Gaming Revenue (NGR) in Sports Brands was +18%cc (margin +120bps to 10.4%, and Games Brands was +18%cc. UK Retail NGR, impacted by adverse weather was -5%, however Eurobet is growing strongly where NGR was +28%cc. Total group NGR was +7%. Furthermore, management confirmed 30% upgrade to synergies to £130m from LCL deal by 2021.