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GVC Holdings Projects FY Pre-IFRS16 EBITDA Towards Top End Of Guidance

GVC Holdings plc (GVC.L) said it expects to report full year pre-IFRS16 EBITDA towards the top end of the upgraded guidance of 670 million pounds to 680 million pounds. Total Group net gaming revenue growth was at 2%, or up 3% in constant currency. Online net gaming revenue improved 13%, or up 14% on a constant currency basis.

For the fourth-quarter, Group net gaming revenue was flat or up 1% in constant currency, despite the impact of the B2 machine wagers restriction in UK Retail. Online net gaming revenue growth was at 9%, or up 11% in constant currency.

The Group intends to release its preliminary fiscal 2019 results on 5 March 2020.

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