Similar to last year’s trends, Rank reported that total Venues l-f-l revenues declined by 1%, mainly due to lower customer visits. This was offset by a 16% increase in Digital, where Mecca digital has clearly turned the corner. To reflect the lighter result in Venues, we have lowered our FY18 and FY19 revenue estimates by c 2-3%, but improved operational efficiencies mean that our profit forecasts are largely unchanged. The business model remains highly cash generative, with £4m net cash achieve ....
01 Feb 2018
Rank Group - Operational efficiencies keep forecasts intact
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Rank Group - Operational efficiencies keep forecasts intact
Rank Group Plc (RNK:LON) | 73.0 2.2 4.2% | Mkt Cap: 342.0m
- Published:
01 Feb 2018 -
Author:
Victoria Pease - Pages:
Similar to last year’s trends, Rank reported that total Venues l-f-l revenues declined by 1%, mainly due to lower customer visits. This was offset by a 16% increase in Digital, where Mecca digital has clearly turned the corner. To reflect the lighter result in Venues, we have lowered our FY18 and FY19 revenue estimates by c 2-3%, but improved operational efficiencies mean that our profit forecasts are largely unchanged. The business model remains highly cash generative, with £4m net cash achieve ....