WMH published an upbeat trading update with regards to trading in 2017, where operating profit (EBITA) is expected to be ahead of expectations at c. £290m or 11% YoY. We very recently increased our own forecasts to £261m to reflect what we believed would be a strong 4Q17 on the back of strong sports margins where results in football and horse racing favoured bookmakers, particularly the latter stages of 2017.
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Trading Update
- Published:
15 Jan 2018 -
Author:
Michael Campbell -
Pages:
3
WMH published an upbeat trading update with regards to trading in 2017, where operating profit (EBITA) is expected to be ahead of expectations at c. £290m or 11% YoY. We very recently increased our own forecasts to £261m to reflect what we believed would be a strong 4Q17 on the back of strong sports margins where results in football and horse racing favoured bookmakers, particularly the latter stages of 2017.