Trading Update

RNS Number : 9743H

GVC Holdings PLC

04 December 2015

 

GVC Holdings PLC

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

Trading Update to 30 November 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 two months ended 30 November 2015.

Trading overview

Strong trading has continued during the period under review, despite currency headwinds, with results as follows:

• Net Gaming Revenue ("NGR") for the two months to 30 November 2015 was 11.7 per cent. higher than the same period in 2014 averaging €716,000 per day; 

• Sports wagers in the two months to 30 November 2015 have grown to an average of €4.9 million per day representing an increase of 12.7 per cent. on the comparable period of 2014 (€4.4 million per day); 

• a gross win margin of 9.3% was achieved in sports during the period under review compared to  8.7% achieved in the same period in 2014;

• net revenue from gaming grew by 12.5 per cent. to an average of €388,000 per day (2014: €345,000 per day in the same period); and

• customer deposits rose by 8.3 per cent. compared to €1.83 million per day (2014: €1.69 million) in the same period in 2014.

The board of GVC views these results as most encouraging and as further evidence of the Group's strong growth rates.  Consequently the Board is highly confident of the outlook for the remainder of the year. This update follows the Company's recent announcement of the appointment as COO, of Shay Segev, the highly experienced industry expert and formerly of Playtech PLC and Gala Coral Group.

The key highlights for the two months ended 30 November 2015 and the eleven months ended 30 November 2015 are as follows:

Average per day in €000's	Q4-2015¹	Q4-2014¹	%age change		Q1 - Q4² 2015	Q1 - Q4² 2014	%age change
Days in period	61	61			334	334
Sports margin	9.3%	8.7%			9.2%	9.8%
Sports wagers	4,921	4,366	12.7%		4,567	4,000	14.2%
Sports NGR	328	296	10.8%		315	301	4.8%
Gaming NGR	388	345	12.5%		361	311	16.1%
Total NGR	716	641	11.7%		677	612	10.5%

¹ period from 1 October to 30 November

² period from 1 January to 30 November

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

"I am delighted to announce the continued strong financial performance of GVC for the first two months of the last quarter. The Board remain confident that the outturn for the 2015 financial year will be very positive. GVC has an excellent track record of growing revenues and turning around under-performing assets and the GVC Board is highly confident that a positive vote at the EGM on 15 December 2015, to approve the proposed acquisition of bwin.party digital entertainment plc, will be the next transformational move for the GVC 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, Callum Davidson

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 approximately 550 employees/consultants, is headquartered in the Isle of Man and has licenses in the Dutch Caribbean, Denmark, United Kingdom, Greece, Ireland, Malta, Romania and South Africa.

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

 

END

 

 

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