Ladbrokes released a fairly disappointing set of results for the 113 day period from Sunday 1 January 2017 to Sunday 23 April 2017, marked by lower gross win margins at Eurobet and a disappointing UK Retail, although both offset by solid growth in Digital. Key highlights On a pro forma basis, excluding divested shops; Revenue up by 5% (+2%cc) UK Retail down by 2% Digital up by 22% (+18%cc) European Retail down by 3% (-15%cc) Management confirmed that the triennial review was likely to be post
04 May 2017
Weak Retail offset by stronger Online and FX tailwinds
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Weak Retail offset by stronger Online and FX tailwinds
Ladbrokes Coral Group (LCL:LON) | 0 0 1.4% | Mkt Cap: 3,187m
- Published:
04 May 2017 -
Author:
Edouard Enault -
Pages:
3
Ladbrokes released a fairly disappointing set of results for the 113 day period from Sunday 1 January 2017 to Sunday 23 April 2017, marked by lower gross win margins at Eurobet and a disappointing UK Retail, although both offset by solid growth in Digital. Key highlights On a pro forma basis, excluding divested shops; Revenue up by 5% (+2%cc) UK Retail down by 2% Digital up by 22% (+18%cc) European Retail down by 3% (-15%cc) Management confirmed that the triennial review was likely to be post