Business
2019 post close trading update
2019 post close trading update.
About this update from Entain Plc
[{"type":"text","content":"\n \nRNS Number : 0952A GVC Holdings PLC 17 January 2020 \n\n17 January 2020\n \nGVC Holdings PLC\n(\"GVC\" or the \"Group\")\n \n2019 post close trading update and notice of results \n \n \nGVC Holdings PLC (LSE: GVC), the global sports-betting and gaming group, is pleased to announce a post close trading update for the year to 31 December 2019. \n \nFull year trading highlights1:\n \n· Full year pre-IFRS16 EBITDA towards the top end of the upgraded Q3 guidance of £670m to £680m\n· Strong growth in Online with net gaming revenue (\"NGR\") +13% (+14% on a constant currency2 (cc) basis)\n· Trends in UK Retail remain ahead of initial guidance with like-for-like3 (\"LFL\") NGR -12%\n· European Retail NGR +4% (+5% cc)\n· Total Group NGR +2% (+3% cc)\n \nQ4 trading highlights:\n \n· Continued momentum in Online, with NGR +11% cc\n· UK Retail LFL3 NGR -11%, driven by the cut in B2 machines maximum stakes to £2\n· European Retail NGR +5% (+7% cc) \n· Group NGR flat (+1% cc), despite the impact of the £2 B2 machine wagers restriction in UK Retail\n· Good progress in the US, with the exclusive multi-year deal with Yahoo Sports representing a significant step forward\n \n\n\n\n\n\n\nQ4 growth (1 Oct to 31 Dec 2019)\n\n\nYTD growth (1 Jan to 31 Dec 2019)1\n\n\n\n\n\n\n\nTotal NGR\n\n\nTotal NGR CC2\n\n\nSports Wagers\n\n\nSports Margin\n\n\nTotal NGR\n\n\nTotal NGR CC2\n\n\nSports Wagers\n\n\nSports Margin\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOnline\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSports \n\n\n12%\n\n\n15%\n\n\n7%\n\n\n+0.6pp\n\n\n16%\n\n\n17%\n\n\n9%\n\n\n+0.6pp\n\n\n\n\nGaming\n\n\n8%\n\n\n9%\n\n\n\n\n\n\n\n\n13%\n\n\n13%\n\n\n\n\n\n\n\n\n\n\nTotal Online\n\n\n9%\n\n\n11%\n\n\n\n\n\n\n\n\n13%\n\n\n14%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nUK Retail (LFL3)\n\n\n(11%)\n\n\n(11%)\n\n\n12%\n\n\n+0.9pp\n\n\n(12%)\n\n\n(12%)\n\n\n7%\n\n\n(0.1pp)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\...