Ladbrokes

PRELIMINARY RESULTS - LADBROKES 12-31-2010

Pressmeddelande   •   Feb 17, 2011 09:33 CET

PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2010

Highlights

  • Group net revenue(1) up 1.3% to £976.6 million (2009: £963.7 million)
  • Group operating profit(1)(2)  up 20.1% to £202.3 million (2009: £168.5 million)
  • Operating profit from High Rollers of £5.0 million (2009: £66.9 million)
  • UK Retail operating profit(2) up 10.9% with overall UK Retail costs down 0.8%
  • Machine performance benefits from management actions with annual growth in gross win of 7.2% (increase of 12.7% in Q4)
  • Rollout of new Global Draw “Vision” machines has begun – due to complete during the first half of 2011
  • Digital(3) operating profit(2) up by 36.0% benefiting from a strong football margin, the World Cup and cost saving initiatives
  • Strong balance sheet with group net debt reduced by £202.2 million to £492.0 million
  • Cash generated by operations was £272.9 million, up £46.9 million or 20.8%
  • Final dividend of 3.75 pence per share; full year of 7.60 pence per share (2009: 2.98 pence per share)
  • New management structure and strengthened team

Matt Sharff                                             

Head of Investor Relations 

Tel: +44 (0) 20 8515 5726

Ciaran O’Brien

Head of Public Relations

Ladbrokes grundades 1886 och är ett världsledande spelföretag med 2925 vadslagningsbutiker och 16 394 anställda. Ladbrokes har dryga 3 miljoner registrerade kunder från 30 länder och säljer speltjänster på 18 språk.

 

 

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