Whitman Howard - GVC (GVC LN) GVC (GVC LN, BUY, T/P 1268p) - Trading Update | Record Quarter

Report

Whitman Howard

Michael Campbell

EUR 57.00 For Business Accounts Only

GVC (GVC LN, BUY, T/P 1268p) - Trading Update | Record Quarter

GVC produced a record 4Q17 on the back of particularly strong sports betting results. Net Gaming Revenue (NGR) for FY17 was over â‚¬1bn, +18% YoY and +2.5% ahead of WH NGR forecast of â‚¬985m (pre EU-VAT) for FY17E. Furthermore, management expects EBITDA for FY17E will be at the top end of their expectations, WH â‚¬276m.

11/01/2018 3 EN

Underlying

GVC

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Provider

Whitman Howard

Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.

The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.

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Analysts

Michael Campbell

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GVC (GVC LN, BUY, T/P 1268p) - Trading Update | Record Quarter

Monthly LMI Update Independent Investment Research

Feasibility Study Results in December to be a Catalyst for this Junior

UK Gambling - FOBT regulation bites

CORPORATE SPONSORED MATERIAL: Aggregated Micro Power* (AMPH LN, BUY, T/P 136p) - Initiation | The rise of a challenger utility

Actual Experience 2nd large scale deployment with 2nd Channel Partner

UK Gambling - FOBT regulation bites

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