GVC Holdings reports record December as corporate revenues and margins rise

gvcholdings-kennethalexander
Kenneth Alexander – GVC Holdings

GVC Holdings operating company of sports betting brands Sportingbet, Casino Club and betboo reported to its shareholders that its 2014 ended strongly with gaming revenues exceeding €20.3 million for the month of December.

In a short Q4 2014 announcement, GVC stated a record level of sports betting turnover during the period, which helped them post a Net Gaming Revenue (NGR) of €59.4 million (Q3 2013 – €52.3 million). The NGR represents a daily net revenue rate of €646,000 up 22% on Q4 2014 performance

The company was able to maintain an improved Q4 2014 sport betting margin of 9.1% (Q4-2013: 8.4%). The positive performance recorded during the period, has helped the operator to report an expected 2014 NGR of €224.6 million up 23% on 2013 performance.

GVC governance have declared a third interim dividend of €12.5, up 8.7 % on 2014.

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 12.5€cents per share third interim dividend, 1€cent per share (8.7%) higher than the same period in the prior year (11.5€cents). 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.”

GVC Holdings 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.

GVC Holdings Performance Overview Q4 2014

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