Trading update expected from WMH on 18 January. We have reassessed our gross win margins in light of what we expect should result in healthy sports betting margins for bookmakers in the 4Q17, given the lack of punter friendly results. As a result revenue for FY17E increases by 2% to £1,731m (£1,699), EBITA increases by 11% to £261m (£236m) and EPS increases by 12% to 22.6p (20.1p). Our forecasts for FY18E and FY19E remains as before as we assume normalised margins in o
15 Jan 2018
Expect stronger margins for 4Q17
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Expect stronger margins for 4Q17
- Published:
15 Jan 2018 -
Author:
Michael Campbell -
Pages:
3
Trading update expected from WMH on 18 January. We have reassessed our gross win margins in light of what we expect should result in healthy sports betting margins for bookmakers in the 4Q17, given the lack of punter friendly results. As a result revenue for FY17E increases by 2% to £1,731m (£1,699), EBITA increases by 11% to £261m (£236m) and EPS increases by 12% to 22.6p (20.1p). Our forecasts for FY18E and FY19E remains as before as we assume normalised margins in o