AGM Trading Update

RNS Number : 0253H

GVC Holdings PLC

14 May 2014

 



Press Release

14 May 2014

GVC Holdings PLC

("GVC" or the "Group")

AGM Trading Update

GVC Holdings PLC (AIM:GVC), the multinational sports betting and gaming group, is pleased to announce the following trading update ahead of its Annual General Meeting which is being held at 11 a.m. today in the Isle of Man.

Subject to the passing of resolution 3 at today's AGM, shareholders on the register on 25 April 2014 will be paid 16 €cents (13.12551 pence) dividend per share on Monday 19 May 2014.

Net Gaming Revenue ("NGR") in the 41 days of Q2-2014 from 1 April 2014 to 11 May 2014 has averaged €601k per day which was 8.1% higher than the previous quarter (Q1-2014: €556k), and 11% higher than the same period last year (Q2-2013: €542k).  On a constant currency measure, Q2-2014 would have been €654k per day, 20% ahead of Q2-2013.

This clearly demonstrates that GVC is continuing to grow its revenues. This is especially true for the mobile product where the Gross Revenue per day is double that of last year at an average for Q2-2014 of €108k per day.

€'000s per day
Quarter	Q2-2014	Q1-2014	Q4-2013	Q3-2013	Q2-2013
Sports wagers Sports Hold %	3,821 9.4%	3,765 10.0%	3,926 8.4%	3,335 9.8%	3,637 9.2%
Sports Margin	359	377	329	327	333
Sports NGR	283	277	244	267	275
Gaming & Other	318	279	279	251	267
Total NGR	601	556	523	518	542
Mobile GGR	108 18.0%	99 17.8%	67 12.8%	62 11.9%	54 10.1%

The Board is encouraged by the strong trading so far this year and is confident that current market expectations for the full year will be met.

The Group will issue a more detailed trading update to the market in the second week of July 2014, which is after the FIFA World Cup final and will cover H1 2014 trading.

- Ends -

For further information:

GVC Holdings PLC
Kenneth Alexander, Chief Executive	Tel: [phone]
Richard Cooper, Group Finance Director	www.gvc-plc.com

Daniel Stewart & Company Plc	Tel: [phone]
David Hart / Paul Shackleton / Martin Lampshire	www.danielstewart.co.uk

Media enquiries:

Abchurch
Henry Harrison-Topham / Olivia Stuart Taylor	Tel: [phone]
[e-mail]	www.abchurch-group.com

About GVC Holdings PLC

GVC Holdings PLC is a multinational sports betting and gaming group.  Its core brands are CasinoClub, Betboo and Sportingbet.  The Group has over 600 employees and is headquartered in the Isle of Man and is licensed in Malta, Germany, Denmark, UK, South Africa, Italy, Alderney and the Dutch Caribbean.

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

 

END

 

 

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