Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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GVC Holdings PLC (GVC)

  Print      Mail a friend       Annual reports

Thursday 11 January, 2018

GVC Holdings PLC

Trading Update

RNS Number : 5410B
GVC Holdings PLC
11 January 2018
 

11 January 2018

GVC Holdings PLC
 ("GVC" or the "Group")

Trading update

GVC Holdings PLC (LSE: GVC), the multinational sports betting and gaming group, is pleased to announce the Group enjoyed a record quarterly NGR in Q4 2017 and, as a result, NGR for the year to 31 December 2017 is expected to be c€1,009m. On an underlying1 basis this represents growth of 18% on pro forma2 2016. The Board expects Clean EBITDA3 for the same period to be at the top end of management's internal expectations.

Key highlights (year to 31 December 2017 unless stated)

·      Total NGR c€1,009m, an increase of 13% on pro forma 2016

·      Underlying NGR growth +18% on pro forma 2016

·      Clean EBITDA is expected to be at the top end of management's internal expectations

·      Q4 NGR €279.5m - a record since the acquisition of bwin.party in February 2016

·      Q4 underlying NGR growth +31% - strongest quarter since bwin.party acquisition

Q44 Trading

Daily NGR for the fourth quarter increased by 21% (+25% in constant currency) and on an underlying basis, was 31% higher. At €279.5m, Q4 2017 NGR was the highest achieved by the Group since the acquisition of bwin.party.




        ACTUAL

UNDERLYING

Per day in €000's

Q4-2017

Q4-2016

Change

Change CC

Change


92 days

92 days




Sports brands






Sports wagers

   11,241

   12,573

(11%)

(6%)

(1%)

Sports margin

13.1%

9.7%




Sports NGR

     1,203

        894

35%

40%

54%

Gaming/other NGR

     1,077

        949

14%

18%

21%

Total NGR

     2,280

     1,843

24%

29%

37%







Games brands

        677

        554

22%

24%

18%

B2B & Non-core

          81

        118

(31%)

(30%)

4%







Group NGR

     3,038

     2,514

21%

25%

31%

Group NGR (€m)

     279.5

     231.3

21%

25%

31%

Sports Brands daily NGR grew 24% and on an underlying basis increased by 37%. The gross win margin in Q4 2017 was 13.1%, significantly ahead of the expected long-term average of 10%, with daily sports NGR up 35% and +54% on an underlying basis. The well above average gross win margin predictably reduced recycling, with wagers down 11% in the quarter. However, this was predominantly due to Turkey and wagers on an underlying basis were just 1% lower, a very pleasing performance. Despite the high gross win margin, Sports Brands gaming revenues rose 14% (+21% on an underlying basis), with the benefits of improved product and cross-sell continuing to be important factors.

Gaming Brands daily NGR increased 22% (+24% in constant currency) during the period, and on an underlying basis was +18%. All verticals put in a solid performance, with partypoker maintaining its impressive growth. B2B and non-core revenues grew by an underlying 4%, adjusting for Kalixa which was sold in the first half of 2017.

 

Kenneth Alexander (CEO) said:

"I'm delighted to report another strong year for the Group with underlying NGR growth of 18%, reflecting the strength of our brands, technology and the hard work of our talented people. We have once again demonstrated our ability to integrate significant acquisitions, realise material synergies and at the same time deliver top line growth. The recommended transaction with Ladbrokes Coral Group presents an exciting opportunity for both sets of shareholders, creating a global gaming group with a portfolio of strong brands across all major regulated online markets, together with proprietary technology and proven management."

 

1Excludes acquisitions and disposals undertaken in 2017

2Assumes bwin.party acquired 1 January 2016

3Clean EBITDA = earnings before interest, tax, depreciation, amortisation, share based payments and exceptional items

4Figures on a reported basis unless stated

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

- ends -

 

LEI: 213800GNI3K45LQR8L28

 

For further information:

GVC Holdings PLC


Kenneth Alexander, Chief Executive

Paul Miles, Chief Financial Officer

Nick Batram, Head of Investor Relations & Corporate Strategy

Tel: +44 (0) 1624 652 559   Tel: +44 (0) 20 3938 0079

Tel: +44 (0) 20 3938 0066

 

Media enquiries:

Buchanan Communications


David Rydell/Henry Harrison-Topham/Chris Lane

Tel: +44 (0) 20 7466 5066

 

About GVC Holdings PLC

GVC Holdings PLC is a leading e-gaming operator in both B2C and B2B markets.  GVC has four business segments with a number of brands; Sports Brands (bwin, Sportingbet, Gamebookers), Games Brands (partypoker, partycasino, Foxy Bingo, Gioco Digitale, CasinoClub), B2B and non-core assets.  GVC acquired bwin.party digital entertainment plc on 1 February 2016.  The Group is headquartered in the Isle of Man, is a constituent of the FTSE 250 index and has licences in more than 18 countries.

 

For more information see the Group's website: www.gvc-plc.com 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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