William Hill reported mixed H1 19 numbers – the top-line missed consensus while the bottom-line was ahead. However, the numbers were below our expectations. Revenue came in at £811.7m, up 1%, driven by online and the US, which partly offset a weak retail segment. Adjusted operating profit came in at £76.2m, with the associated margin at 9.4%. Management continues to expect full-year numbers in line with expectations. Given the softer-than-expected H1 (vs our estimates), we w
21 Aug 2019
£2 stake cap and US strength drive a mixed Q2
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
£2 stake cap and US strength drive a mixed Q2
- Published:
21 Aug 2019 -
Author:
Virendra Chauhan -
Pages:
3
William Hill reported mixed H1 19 numbers – the top-line missed consensus while the bottom-line was ahead. However, the numbers were below our expectations. Revenue came in at £811.7m, up 1%, driven by online and the US, which partly offset a weak retail segment. Adjusted operating profit came in at £76.2m, with the associated margin at 9.4%. Management continues to expect full-year numbers in line with expectations. Given the softer-than-expected H1 (vs our estimates), we w