Entain PLC (LSE:ENT)

£ 7.458 0.238 (3.3%) Market Cap: 4.77 Bil Enterprise Value: 8.15 Bil PE Ratio: 0 PB Ratio: 2.10 GF Score: 70/100

Half Year 2021 Entain PLC Earnings Call Transcript

Aug 12, 2021 / 07:30AM GMT

Release Date Price: £19.43 (-1.17%)

Transcript

Jette Nygaard;Andersen

Entain Plc - CEO & Executive Director

Good morning, everyone, and thank you for joining us for our interim results presentation today. We have our investor event later today, and so this morning we'll focus on our performance in the first half of our financial year. I'll talk through a brief overview, then Rob will talk through the numbers in more detail, and then we'll have some time for questions on these results.

Entain is a business with a unique leading platform and great momentum. We have a business with a diversified revenue base and will almost all of our revenue now in regulated or regulating markets. We deliver the highest quality of earnings in this sector. Those factors have all contributed to a strong performance in our first half results with NGR across the Group, up 11%, in spite of the fluid COVID-19 backdrop. Online revenues continue to be strong, helped by extended lockdowns, but also reflecting the strength of our position in our markets. If we strip out Germany, as it goes through regulatory changes, Online NGR was up 38% in

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