11th May 2016 07:09
LONDON (Alliance News) - William Hill PLC on Wednesday said net revenue was down in the 17 weeks to April 26 year-on-year, but said trading remains in line with its previous full-year operating profit guidance.
The betting company said group net revenue was down by 3% in the 17-week period, as gross win margins benefited from English Premier League football results but were harmed by unfavourable European football results and a "disappointing" Cheltenham festival.
Wagering in online core markets continues to grow, but is slower than expected, William Hill said, while retail gaming machine performance has improved. Geographically, both the Australian and US brands performed well in the period.
William Hill said trading for the full year remains in line with its previous operating profit guidance of GBP260 million to GBP280 million, subject to normalised gross win margins.
Shares in William Hill were trading down 0.6% at 322.40 pence at the open on Wednesday.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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