Pre AGM trading update

RNS Number : 0679Z

GVC Holdings PLC

24 May 2016

 

GVC Holdings PLC

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

Pre AGM trading update

GVC Holdings PLC (LSE:GVC), a leading e-gaming operator in both B2C and B2B markets, is pleased to announce the following trading update ahead of its Annual General Meeting which is being held today at 11.00 hours BST in the Isle of Man, the country of its incorporation.

Trading at the enlarged GVC Group continues its upward momentum since it acquired bwin.party on 1st February. Average Group pro forma revenues per day in Q2 are currently 11% higher than the corresponding period in Q2-2015; and 15% higher on a constant currency basis.

Kenneth Alexander, CEO said:

"I am delighted to be able to report a continuation of the strong trading performance previously announced at the time of our final results on April 25th. It is pleasing to see that our strategy to reinvigorate growth at bwin.party is delivering positive early results, which is in part a reflection of the high quality people within the enlarged Group. This, together with the transformational B2B deal with Betfred, that we announced yesterday, gives me confidence that we can deliver significant value to our shareholders. In addition, the plan to seek a transfer to the Premium Segment of the Official List is progressing and we anticipate making further announcements on this in due course."

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For further information:

GVC Holdings PLC
Kenneth Alexander, Chief Executive	Tel: [phone]
Richard Cooper, Group Finance Director Nick Batram, Head of Investor Relations & Corporate Strategy	Tel: [phone] www.gvc-plc.com

Cenkos Securities plc	Tel: [phone]
Mark Connelly, Jeremy Osler, Camilla Hume

Media enquiries:

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

About GVC Holdings PLC

GVC Holdings PLC is a leading e-gaming operator in both B2C and B2B markets.  GVC has four main product verticals with a number of brands; Sports labels (bwin, sportingbet, gamebookers), Gaming labels (partypoker, partycasino, Foxy Bingo, Giocco 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 and has licences in over 14 countries.

 

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