William Hill announced a tough Q3 15 which came in below expectations, dented by new and increased taxes introduced in the UK (£23m incremental duties in Q3) and tough comps (FIFA World Cup fell in July 2014). Weaker than expected sporting results (horse racing in particular) have weighed on Retail, the US and Australia (-31% in wagers, -91% in EBIT) while the decline in the non-core Online market was partially offset by tight cost control. Retail (-8% in net revenues) was hampered by a
05 Nov 2015
2015 dragged by a weak Q3
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2015 dragged by a weak Q3
- Published:
05 Nov 2015 -
Author:
Bérénice Lacroix -
Pages:
3
William Hill announced a tough Q3 15 which came in below expectations, dented by new and increased taxes introduced in the UK (£23m incremental duties in Q3) and tough comps (FIFA World Cup fell in July 2014). Weaker than expected sporting results (horse racing in particular) have weighed on Retail, the US and Australia (-31% in wagers, -91% in EBIT) while the decline in the non-core Online market was partially offset by tight cost control. Retail (-8% in net revenues) was hampered by a