Ladbrokes Coral has released its Q4 trading update. UK Retail’s net revenue was down 4% yoy, mostly translating lower OTC net revenue, down 11% yoy on lower lfl stakes (-5% yoy) and the gross win margin (2pp below expectations, at 16.5%). Digital’s net revenue was up 18%, with Ladbrokes.com up 17% and Coral.co.uk up 13%. The Australian business was up 45% at cc, supported by a 57% increase in stakes. Management expects the full-year pro forma group EBIT to be within the £275
18 Jan 2017
Q4 trading update in line with expectations
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Q4 trading update in line with expectations
Ladbrokes Coral Group (LCL:LON) | 0 0 1.4% | Mkt Cap: 3,187m
- Published:
18 Jan 2017 -
Author:
Edouard Enault -
Pages:
2
Ladbrokes Coral has released its Q4 trading update. UK Retail’s net revenue was down 4% yoy, mostly translating lower OTC net revenue, down 11% yoy on lower lfl stakes (-5% yoy) and the gross win margin (2pp below expectations, at 16.5%). Digital’s net revenue was up 18%, with Ladbrokes.com up 17% and Coral.co.uk up 13%. The Australian business was up 45% at cc, supported by a 57% increase in stakes. Management expects the full-year pro forma group EBIT to be within the £275