Entain PLC (WBO:GVC)

€ 8.502 -0.43 (-4.81%) Market Cap: 5.38 Bil Enterprise Value: 9.33 Bil PE Ratio: 0 PB Ratio: 2.06 GF Score: 60/100

Half Year 2019 GVC Holdings PLC Earnings Call Transcript

Aug 15, 2019 / 08:30AM GMT

Release Date Price: €5.94 (+1.54%)

Transcript

Operator

(technical difficulty)

[GVC] half year results call. (Operator Instructions) I now hand the floor to our speakers. Please begin your meeting.

Kenneth Jack Alexander

GVC Holdings PLC - CEO & Executive Director

Hi there. It's Kenny here and Rob Wood. So going through the 2019 interim results, I'll do the introduction. Rob can do the financial review. I'll do an operational update, Slide to end it, and then we'll go on to Q&A.

So in terms of the overview, we've had a very, very strong start to the year. We've managed to gain market share in all of our major territories, grown our digital revenues by 17%, 18% in constant currency. Our group pro forma EBITDA is 11% ahead after adjusting for Triennial Review and incremental taxes, and our full year numbers are currently ahead of expectations. And I'll let Rob go through all the detail with you. Our U.S. aspirations are on plan, and we will have a full launch with a new digital platform in New Jersey and cranked up the marketing spend for the start of the NFL season. As we've communicated

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