GVC Holdings PLC, the multinational sports betting and gaming group,today announces its Interim Results for the six-months ended 30 June 2014 together with its quarterly dividend and a special dividend.
Dividend
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Quarterly dividend of 12.5 €cents (2013: 10.5 €cents) |
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Additional special dividend of 2.5 €cents (2013: nil) |
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Total quarterly dividend is 15 €cents, up 43% on same quarter last year (2013: 10.5 €cents) |
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Cumulative dividends payable in calendar year 2014, 55 €cents. Total up 96% over prior year (2013: 28 €cents) |
Financial highlights
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Wagers up 38% to €694 million (H1-2013: €502 million) |
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Sports margin 9.9% (H1-2013: 10.3%) |
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Net Gaming Revenue ("NGR") up 44% to €105 million (H1-2013: €73 million) |
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Contribution up 25% to €57 million (H1-2013: €46 million) |
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Clean EBITDA up 26% to €22.4 million (H1-2013: €17.8 million) |
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Strong start to Q3-2014: trading per day, at €628k is 20% higher than Q3-2013 (€523k) |
Operational metrics
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A leading operator of in-play markets with over 4,000 concurrent markets |
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A market leading sports-trading team generating 10% margin |
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Current number of active customers up 22% on prior year |
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New depositing customers, 56k in Q3-2014,up 30% on Q3-2013 |
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Deposits up 22% on Q3-2013 |
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Enhancement of mobile product and sportsbook planned for 2015 |
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In-play generating 70% of sports gross margin |
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Mobile generating 22% of sportsbook revenues |
Commenting on the results, Kenneth Alexander, Chief Executive of GVC Holdings plc, said: "GVC operates in numerous markets in both casino and sports betting and as a group is well diversified and highly cash generative. GVC is now in a very strong position with exciting growth prospects as we continue to develop our market leading in-house sportsbook and mobile platform. The Group remains highly confident for the outcome of this current financial year and this confidence is reflected in the enhanced dividend that we have announced today."
