William Hill reported a mixed set of results, which saw strong Online growth helping to offset a softer Retail. However, the P&L was impacted by a £883m impairment related to the Triennial cuts, while investment costs in the US led to an 18% decline in adjusted EPS. On a more positive note, the group announced several key partnerships in the US, which should allow the group to gain scale quickly in this nascent market.
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Looking beyond weak H1 results
- Published:
03 Aug 2018 -
Author:
Edouard Enault -
Pages:
3
William Hill reported a mixed set of results, which saw strong Online growth helping to offset a softer Retail. However, the P&L was impacted by a £883m impairment related to the Triennial cuts, while investment costs in the US led to an 18% decline in adjusted EPS. On a more positive note, the group announced several key partnerships in the US, which should allow the group to gain scale quickly in this nascent market.