REG - GVC Holdings PLC - Pre-close Trading Update <Origin Href="QuoteRef">GVC.L</Origin>

EntainAnnouncement

28/01/2015 24:17

RNS Number : 8392B
GVC Holdings PLC
12 January 2015
GVC Holdings PLC
("GVC" or the "Group" or the "Company")
Pre-close Trading Update
Dividend Declaration
Notice of Preliminary Results for year ended 31 December 2014
GVC Holdings PLC (AIM:GVC), a leading e-gaming operator in both b2c and b2b markets, today provides the following trading update.
Highlights
2014 ended strongly with Net Gaming Revenue ("NGR") exceeding 20.3m for the month of December (656k per day; up 17% on December 2013 at 535k per day) with a sports margin of 9.9% (December 2013: 9.1%) 
 Q4-2014 total NGR 59.4m, 646k per day, up 22% on Q4-2013 
Record level of sports turnover in Q4-2014, Sports wagers exceeded 400m, up 11% on Q4-2013 and up 9% on Q3-2014 
 Q4-2014 sports margin, 9.1% (Q4-2013: 8.4%) 
 NGR for the year* was 224.6m, up 23% on 2013 with sports margins of 9.8% (2013: 9.6%)
 Third interim dividend declared of 12.5cents, up 8.7% on 2014
 Strong start to 2015 on exceptional sports margins
* unaudited
Dividend Declaration
Following the continued strong trading, the Board has declared today its third interim dividend of 12.5cents per share, an increase of 8.7% on the prior year (2014: 11.5cents), payable on 13 February to shareholders on the register on 23 January 2015. 
Trading KPIs per quarter:
Average per day in 000's
Q4-2014
Q4-2013
Q1-2014
Q2-2014
Q3-2014
Sports wagers
4,355
3,926
3,765
3,907
3,995
Sports margin
9.1%
8.4%
10.0%
9.8%
10.5%
Sports NGR
302
244
279
296
330
Gaming NGR
344
285
280
305
325
Total NGR
646
529
559
601
654
2015 update
2015 has started strongly. In the eight days to midnight eight January 2015, and compared with the same period in 2014, deposits made by customers grew 22% to an average of 1.6m per day (2014: 1.3m)Sports wagers grew 9.7% to an average of 4.0m per day (2014: 3.6m). Sports margin was a strong 12.8% (2014: 9.4%), leading to a pleasing daily NGR of 779k (2014: 534k). 
Kenneth Alexander, Chief Executive of GVC Holdings plc, said: 
"I am delighted today to announce another strong quarter and full-year for revenues, along with a 12.5cents per share third interim dividend, 1cent per share (8.7%) higher than the same period in the prior year (11.5cents). 2014 has been an exciting and successful year with the Group now in a strong position to further its growth. The continued success and growth of the Group is a result of the tremendous efforts from the talented and motivated staff we have at GVC, all of which have bonus plans aligned to the level of dividends paid to shareholders. We look forward to providing the market with a more detailed update when we report the Group's preliminary results in March."
Notice of Preliminary Results
The Group expects to release its Preliminary Results for the year ended 31 December 2014 in the week commencing 23 March 2015, along with a further trading update.
- Ends -
For further information:
GVC Holdings PLC
Kenneth Alexander, Chief Executive
Tel: +44 (0) 20 7398 7702
Richard Cooper, Group Finance Director
www.gvc-plc.com
Cenkos Securities plc (Nomad & Broker)
Tel: +44 (0) 20 7397 8900
Mark Connelly, Stephen Keys, Callum Davidson
Media enquiries:
Bell Pottinger
Tel: +44 (0) 20 3772 2500
David Rydell, James Newman 
About GVC Holdings PLC
GVC Holdings PLC is a leading e-gaming operator in both b2c and b2b markets. Its core brands are CasinoClub, Betboo and Sportingbet. The Group has over 700 employees/consultants and is headquartered in the Isle of Man and has licenses in Malta, Germany, Denmark, UK, South Africa, Italy, Alderney and the Dutch Caribbean.
Further information on the Group is available at www.gvc-plc.com

This information is provided by RNS
The company news service from the London Stock Exchange
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