IMS: 46 weeks to 14 May 2017

RNS Number : 4741F

Rank Group PLC

18 May 2017

 

Trading statement               

18 May 2017

The Rank Group Plc (LSE: RNK) (Rank or the Group) announces the following trading update for the 46 weeks to 14 May 2017

Rank today announces total Group like-for-like revenue grew by 1% for the 46 weeks to 14 May 2017, with total revenue flat.  On a channel basis, digital revenue grew by 13%, venues* like-for-like revenue was flat.

Grosvenor Casinos' venues like-for-like revenue declined by 1%, impacted by a lower gaming margin. Mecca's venues like-for-like revenue was down 2%, with lower customer visits partially offset by an increased spend per visit.

Grosvenor Casinos' digital channel continued to grow strongly, with revenues up 35% in the period.  Mecca's digital revenue grew by 2% in the period.

Management's expectations for the full year remain unchanged.

*including Enracha's performance

Forthcoming announcements

Rank will announce its preliminary results on 17 August 2017.

Ends

Contacts:

Rank

Sarah Powell - investor relations             Tel: [phone]

Media Enquiries:

FTI Consulting (PR adviser to Rank)

Edward Bridges                                            Tel: [phone]

Alex Beagley                                                 Tel: [phone]

Notes to editors:

1.    Figures are not adjusted for customer incentives.

2.    Like-for-like excludes the effects of club openings, closures and relocations.

3.    All comparisons are with the same 46-week period in 2015/16.

 

END

 

 

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