Ladbrokes released a rather mixed H1 trading update, marked by deteriorating trends in the UK high streets, continued online growth and revised merger synergies. Key highlights Net revenue up 1% (-1% cc) Operating profit guidance £153.3-158.3m Digital net revenue up 17% UK Retail down 6% European Retail down 1%
27 Jul 2017
Online momentum hardly offsets deteriorating UK Retail
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Online momentum hardly offsets deteriorating UK Retail
Ladbrokes Coral Group (LCL:LON) | 0 0 1.4% | Mkt Cap: 3,187m
- Published:
27 Jul 2017 -
Author:
Edouard Enault -
Pages:
3
Ladbrokes released a rather mixed H1 trading update, marked by deteriorating trends in the UK high streets, continued online growth and revised merger synergies. Key highlights Net revenue up 1% (-1% cc) Operating profit guidance £153.3-158.3m Digital net revenue up 17% UK Retail down 6% European Retail down 1%