Business
Trading Statement
Trading Statement.
About this update from Entain Plc
[{"type":"text","content":"\n \nRNS Number : 3745T GVC Holdings PLC 12 October 2017 \n \n\n12 October 2017\nGVC Holdings PLC\n (\"GVC\" or the \"Group\")\nTrading update \nGVC Holdings PLC (LSE:GVC), the multinational sports betting and gaming group, is pleased to announce Q3 KPIs for the period to 30 September 2017. \nKey highlights Q3 2017 vs Q3 2016: \n· Group daily NGR up 10% (+13% constant currency) \n· Underlying1 daily NGR up 18% (+21% constant currency) \n· Sports Brands daily NGR up 11% (+14% constant currency) \n· Games Brands daily NGR up 15% (+17% in constant currency) \n \n\n\n\n\nQ3 KPIs \nPer day in €000's\n\n\nQ3-2017\n\n\nQ3-2016\n\n\nChange\n\n\nCC Change\n\n\n\n\n\n\n\n92 days\n\n\n92 days\n\n\n\n\n\n\n\n\n\n\nSports brands\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nSports wagers\n\n\n11,308\n\n\n11,228\n\n\n1%\n\n\n4%\n\n\n\n\nSports margin\n\n\n11.2%\n\n\n10.5%\n\n\n \n\n\n \n\n\n\n\nSports NGR\n\n\n982\n\n\n951\n\n\n3%\n\n\n7%\n\n\n\n\nGaming/other NGR\n\n\n986\n\n\n828\n\n\n19%\n\n\n22%\n\n\n\n\nTotal NGR\n\n\n1,967\n\n\n1,780\n\n\n11%\n\n\n14%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nGames brands\n\n\n612\n\n\n531\n\n\n15%\n\n\n17%\n\n\n\n\nB2B & Non-core\n\n\n68\n\n\n96\n\n\n(29%)\n\n\n(27%)\n\n\n\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nGroup daily NGR\n\n\n2,647\n\n\n2,407\n\n\n10%\n\n\n13%\n\n\n\n\nGroup NGR (€m)\n\n\n243.5\n\n\n221.5\n\n\n10%\n\n\n13%\n\n\n\n\n \nThe Group enjoyed another strong quarter with Group daily NGR +10% versus the same period last year and +13% in constant currency. This was particularly pleasing as the corresponding period last year was boosted by the final stages of the UEFA Euro 2016 tournament. Underlying1 NGR (which includes stripping out Euro 2016 and Kalixa - which was disposed of in May 2017) increased +18% and 21% in constant currency.\nWithin Sports Brands, the gross win margin for the period was 11.2% (10.5% Q3 2016), ahead of our expectations of the long-term sustainable average (c10%). Daily wagers were 4% ahead in constant currency, but as noted above, this was against a comparative period that included the Euro 2016 tournament - adjusting for this, underlying...