Ladbrokes released its Q3 trading update. Total group net revenue was up by 12.1%, despite a relatively low performance in the UK retail activities, which were only up 1.9% despite an increase in the gross win margin. The two biggest growth drivers were Digital and Australia, with net revenues up 48.2% and 89.6%, respectively. Finally, European retail, excluding the UK, was up 11.3% (+1.1% lfl). The company said it remained confident of delivering full-year results in line with its expectatio
18 Oct 2016
Weak Retail offset by strong Digital and Australia
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Weak Retail offset by strong Digital and Australia
Ladbrokes Coral Group (LCL:LON) | 0 0 1.4% | Mkt Cap: 3,187m
- Published:
18 Oct 2016 -
Author:
Edouard Enault -
Pages:
3
Ladbrokes released its Q3 trading update. Total group net revenue was up by 12.1%, despite a relatively low performance in the UK retail activities, which were only up 1.9% despite an increase in the gross win margin. The two biggest growth drivers were Digital and Australia, with net revenues up 48.2% and 89.6%, respectively. Finally, European retail, excluding the UK, was up 11.3% (+1.1% lfl). The company said it remained confident of delivering full-year results in line with its expectatio