Following its July trading update, Ladbrokes Coral today released its first half results. Key highlights On a pro forma basis: Revenue up 1%, to £1,204.2m EBITDA broadly stable at £211m 2p interim dividend (+1p), 4p FY guidance (AV: 4.5p) Synergies guidance upgraded As stated in July, further IT cost savings and the upward adjustment of horse racing gross win margins led the company to upgrade 2019 synergies for a second time, from £100m to £150m (o/w c.£45m in 2
31 Aug 2017
Higher dividends and reassuring current trading offset a weak H1 17
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Higher dividends and reassuring current trading offset a weak H1 17
Ladbrokes Coral Group (LCL:LON) | 0 0 1.4% | Mkt Cap: 3,187m
- Published:
31 Aug 2017 -
Author:
Edouard Enault -
Pages:
3
Following its July trading update, Ladbrokes Coral today released its first half results. Key highlights On a pro forma basis: Revenue up 1%, to £1,204.2m EBITDA broadly stable at £211m 2p interim dividend (+1p), 4p FY guidance (AV: 4.5p) Synergies guidance upgraded As stated in July, further IT cost savings and the upward adjustment of horse racing gross win margins led the company to upgrade 2019 synergies for a second time, from £100m to £150m (o/w c.£45m in 2