Business
Trading Statement: 49 weeks t
Trading Statement: 49 weeks t.
About this update from Rank Group Plc
[{"type":"text","content":"\n RNS Number : 6263X Rank Group PLC 09 December 2010 \n\n \n9th December 2010\n \nThe Rank Group Plc trading update for nine and 49 weeks to 5 December 2010\n(all comparisons are with the equivalent periods in 2009)\n \nThe Rank Group Plc ('Rank' or the 'Group') announces continued growth for the nine weeks to 5 December 2010. Management now expects Group earnings per share for 2010 to be towards the top end of analysts forecasts (see note 1).\n \nRank achieved a 3% increase in like-for-like revenue during the nine-week period with total revenue up 4%. For the year to week 49, Group revenue was up 7% and like-for-like revenue ahead by 4%. This performance was driven principally by continued strong trading in Grosvenor Casinos.\n \n\n\n\n\nGroup and segmental revenue to 5 December 2010*\n\n\n\n\n\n\n\nWeeks 41 to 49\n\n\nWeeks 1 to 49\n\n\n\n\n\n\n\nLike-for-like\n\n\nTotal\n\n\nLike-for-like\n\n\nTotal\n\n\n\n\nGrosvenor Casinos**\n\n\n8%\n\n\n9%\n\n\n7%\n\n\n10%\n\n\n\n\nMecca Bingo**\n\n\n(1)%\n\n\n(1)%\n\n\n0%\n\n\n3%\n\n\n\n\nTop Rank Espana***\n\n\n5%\n\n\n5%\n\n\n2%\n\n\n2%\n\n\n\n\nRank Interactive\n\n\n5%\n\n\n5%\n\n\n13%\n\n\n13%\n\n\n\n\nGroup\n\n\n3%\n\n\n4%\n\n\n4%\n\n\n7%\n\n\n\n\n* Figures not adjusted for free bets, promotions and customer bonuses. \n** Like-for-like excludes the effects of club openings, closures and relocations as well as changes to the tax regimes for bingo and casino card room games in HM Government's Budget 2009. \n*** Top Rank Espana performance not adjusted for currency movement. In euros, revenue grew by 10% for weeks 41 to 49; and by 6% for weeks 1 to 49.\n \nGrosvenor Casinos\n \n\n\n\n\n\n\n\nWeeks 41 to 49\n\n\nWeeks 1 to 49\n\n\n\n\n\n\n\nLike-for-like\n\n\nTotal\n\n\nLike-for-like\n\n\nTotal\n\n\n\n\nCustomer visits\n\n\n3%\n\n\n7%\n\n\n5%\n\n\n13%\n\n\n\n\nSpend per visit\n\n\n5%\n\n\n2%\n\n\n1%\n\n\n(2)%\n\n\n\n\nRevenue\n\n\n8%\n\n\n9%\n\n\n7%\n\n\n10%\n\n\n\n\n \nGrosvenor Casinos grew like-for-like revenue by 8% in the nine-week period with customer visits up in both London and the provinces. Spend per visit increased by 5%.\n \nFor the year to week 49, the business achieved 10% growth in revenue and was up by 7% on a like-for-like basis.\n \nWe have continued to invest in the enhancement and expansion of our casinos estat...