GVC Holdings Posts First Half 2015 Financials

Internet betting firm GVC Holdings has posted its first half 2015 financial results, noting higher revenues and wagers placed by their customers.

Key financial indicators for the first half ending June 30th, 2015 were:

  • Wagers - up 18.6 percent to Euro 824 million (H1-2014: Euro 694 million);

  • Sports Gross Margin down at 8.8 percent (H1-2014: 9.9 percent);

  • Net Gaming Revenue up 15.1 percent to Euro 121 million (H1-2014: Euro 105 million);

  • Contribution up 15.3 percent to Euro 65 million (H1-2014: Euro 57 million);

  • Clean EBITDA up 14 percent to Euro 25.5 million (H1-2014: Euro 22.4 million);

  • Deposit values up 18 percent on H1-2014;

  • In-play betting generating 73 percent of Sports Gross Margin (H1-2014: 63 percent);

  • Mobile generating 38 percent of Sports Gross Gaming Revenue (H1-2014: 22 percent);

  • Adjusted, diluted Earnings Per Share - growth of 25 percent to 33.3 Euro cents.

Commenting on his company's performance GVC CEO Kenneth Alexander said, "With our track record of delivering value through organic growth and acquisitions we are determined that GVC will play an important role in the continuing consolidation of the online gaming sector. We expect to update the market soon about our discussions with bwin.party digital entertainment plc."

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