GVC reported H1 20 revenue of £1.62bn, in line with its earlier trading update, while EBITDA, at £348.6m, was at the higher end of the provided range. However, given the COVID-19 uncertainty, the board has decided to withhold an interim dividend. Looking forward, management now expects FY20 EBITDA of £720-740m, which is ahead of our estimates as well as consensus. We will upgrade our FY20 estimates, to reflect both the encouraging H1 performance as well as the improved outlo
17 Aug 2020
Strong H1 20 leads to profit upgrade
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Strong H1 20 leads to profit upgrade
Entain PLC (ENT:LON) | 830 -147.7 (-2.1%) | Mkt Cap: 5,301m
- Published:
17 Aug 2020 -
Author:
Virendra Chauhan -
Pages:
3
GVC reported H1 20 revenue of £1.62bn, in line with its earlier trading update, while EBITDA, at £348.6m, was at the higher end of the provided range. However, given the COVID-19 uncertainty, the board has decided to withhold an interim dividend. Looking forward, management now expects FY20 EBITDA of £720-740m, which is ahead of our estimates as well as consensus. We will upgrade our FY20 estimates, to reflect both the encouraging H1 performance as well as the improved outlo