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GVC Holdings announce second interim dividend of 17.6p per share, taking the full year dividend to 35.2p, an increase of 10% on 2018 in line with the Group's current dividend policy of double digit dividend growth

Investment Tools Ltd.
GVC Holdings announce second interim dividend of 17.6p per share, taking the full year dividend to 35.2p, an increase of 10% on 2018 in line with the Group's current dividend policy of double digit dividend growth

A second interim dividend of 17.6p per share has been declared, an increase of 10% on the prior year in line with the Group's current dividend policy of double digit dividend growth.

Other financial highlights include:

Proforma Group NGR up 2% (+3% on a constant currency (cc) basis) at £3,655.1m, driven by the strong performance in Online, European Retail and UK Retail OTC

Proforma Group Revenue up 2% (+3% cc) at £3,600.5m, over 96% of which was from markets that were either regulated or in the process of regulating

Proforma Group underlying EBITDA5 down 10% at £678.3m

£50m ahead of consensus at the start of the year

Up 14% ahead after adjusting for the estimated impact of the Triennial Review and incremental taxes

Online underlying EBITDA5 was 20% ahead after adjusting for the estimated impact of incremental taxes

UK Retail underlying EBITDA5 was 5% ahead after adjusting for the estimated impact of the Triennial Review

Proforma Group underlying operating profit was 20% lower than 2018 at £490.1m

Excluding net debt arising on IFRS 16 of £347.1m, adjusted net debt at 31 December 2019 was £1,822.7m 2.7x LTM underlying EBITDA pre IFRS 16 (2018: £1,896.6m)

Companies mentioned

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