Trading Update

RNS Number : 3651L

GVC Holdings PLC

11 January 2016

 

GVC Holdings PLC

("GVC" or the "Group" or the "Company")

Trading update to 31 December 2015

Date of preliminary results for 2015

GVC Holdings PLC (AIM:GVC), a leading e-gaming operator in both b2c and b2b markets, today provides the following trading update for the 12 months to 31 December 2015.

Trading Overview

·      Net Gaming Revenue ("NGR") for the year amounted to €247.7 million (€679k per day) up 10.2% on 2014 (€224.8 million, €616k per day),

·      NGR in Q4-2015 was €65.5 million (€712k per day) up 10% on Q4-2014 (€59.5 million, €647k per day),

·      On a constant currency basis NGR in Q4-2015 was 21.3% higher than in Q4-2014

·      Sports wagers for the year amounted to €1.68 billion (€4.6 million per day), up 14.9% on 2014 (€1.46 billion, €4.0 million per day),

·      Sports wagers in Q4-2015 amounted to €456 million (€5.0 million per day), up 13.6% on Q4-2014 (€402 million, €4.4 million per day).

Trading KPIs per quarter:

Average per day in €000's	Q4-2015	Q4-2014	% Change	Q1-2015	Q2-2015	Q3-2015
Sports wagers	4,959	4,366	13.6%	4,558	4,544	4,371
Sports margin	9.1%	9.0%		9.0%	8.7%	9.9%
Sports NGR	320	303	5.6%	313	299	337
Gaming NGR	392	344	13.9%	352	372	330
Total NGR	712	647	10.0%	665	671	667
Total NGR, constant currency basis	712	587	21.3%

Preliminary results for 2015

It is expected that the preliminary results for 2015 will be released in the week commencing 11 April 2016.

Kenneth Alexander, Chief Executive of GVC Holdings plc, said:

"I am delighted to report yet another set of strong numbers as 2015 year ended very positively for GVC. The Board and I would like to thank all our staff for their hard work and continued focus. With the shareholders of both GVC and bwin.party digital entertainment plc ("bwin.party") having voted overwhelmingly for the acquisition of bwin.party on 15 December 2015 and with completion expected on 1 February 2016, and the enlarged GVC Group expected to be admitted to the Main Market on 2 February 2016, we are enthusiastic to commence the integration of the businesses and to continue to drive shareholder value for investors in the enlarged Group."

- Ends -

For further information:

GVC Holdings PLC
Kenneth Alexander, Chief Executive	Tel: [phone]
Richard Cooper, Group Finance Director	www.gvc-plc.com

Cenkos Securities plc (Nomad & Broker)	Tel: [phone]
Mark Connelly, Stephen Keys, Camilla Hume

Media enquiries:

Bell Pottinger
David Rydell, James Newman, Anna Legge, Laura Jacques	Tel: [phone]

About GVC Holdings PLC

GVC Holdings PLC is a leading e-gaming operator in both b2c and b2b markets.  Its core brands are CasinoClub, Betboo and Sportingbet.  The Group has around 700 employees/consultants and is headquartered in the Isle of Man and has licenses in Malta, Denmark, UK, South Africa, and the Dutch Caribbean.

Further information on the Group is available at www.gvc-plc.com

 

END

 

 

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