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Jan. 17, 2020, 2:42 a.m. EST

GVC Holdings says it’s well-placed for a successful year ahead

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By Ian Walker

GVC Holdings PLC said Friday that Ebitda for 2019 is expected to be at the top end of the guidance range given last October, and that it is well placed for a successful year ahead.

The gambling company /zigman2/quotes/207493593/delayed UK:GVC +3.51%  has guided for earnings before interest, taxes, depreciation and amortization before IFRS 16 for the year ended Dec. 31, 2019 of 670 million pounds to 680 million pounds ($874.8 million to $887.8 million).

It said that online net gaming revenue for the year rose 13% but U.K. retail fell 12%.

/zigman2/quotes/207493593/delayed
UK : U.K.: London
672.80 p
+22.80 +3.51%
Volume: 2.71M
April 9, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
2.62%
Market Cap
£3.79 billion
Rev. per Employee
N/A
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