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GVC sees full-year earnings 'comfortably ahead' of estimates after solid H1
September 14, 2017 / 6:28 AM / 8 days ago

GVC sees full-year earnings 'comfortably ahead' of estimates after solid H1

Sept 14 (Reuters) - Online gambling firm GVC Holdings , which has expanded rapidly through a series of acquisitions, said it expects core annual earnings to top market estimates after first-half gaming revenue rose.

The group, which also operates websites such as Foxy Bingo and Sportingbet, said it expects clean EBITDA -- core earnings before exceptional items and share-based payments -- for the current year to be “comfortably ahead” of an analysts’ consensus of 255.5 million euros.

Revenue for the six months to June 30 rose to 472.8 million euros on net gaming revenue which rose 10 percent. (Reporting by Rahul B in Bengaluru; editing by Jason Neely)

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