Flutter Entertainment (FLTR)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

11,990.00p
   
  • Change Today:
    190.00p
  • 52 Week High: 12,055.00
  • 52 Week Low: 5,512.00
  • Currency: UK Pounds
  • Shares Issued: 154.78m
  • Volume: 241,456
  • Market Cap: £18,558m
  • RiskGrade: 178

Paddy Power narrows FY guidance as Q3 profits fall

By Frank Prenesti

Date: Friday 02 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Gambling outfit Paddy Power Betfair raised the lower end of full year guidance as it reported a 16% fall in underlying earnings before interest, tax, depreciation and amortisation (EBITDA) to £101m.
The figures include losses at the newly acquired FanDuel operation in the US. Proforma EBITDA was flat on a constant currency basis.

The company said it now expected full year EBITDA, pre-US sports betting, to be between £465m - £480m from previous guidance of £460m - £480m adding that 2018 US sports betting investment would be around £25m.

Reported group revenue was up 10% to £483m, benefitting from the FanDuel acquisition in July 2018 but adversely affected by foreign exchange translation Paddy Power said.

Revenue in July benefitted from a "good conclusion" to the football World Cup which contributed £22m revenue to the quarter, although growth in the quarter was adversely affected by customer friendly sports results in Australia.

Retail revenue fell 4% to £82m, with UK shops down 1% and Irish shops 6% as sports revenues were impacted by weaker margin.

Chief executive Peter Jackson said online revenue was up 15% driven by "enhancements in product and good execution in promotions and marketing".

"In Australia, we continue to see very good scope to enhance Sportsbet's leading customer proposition and target additional market share gains," he said.

"In the US, the exciting potential of the sports betting opportunity and the strength of our strategic positioning has been evidenced by our experience to date in New Jersey."

"FanDuel recorded a 30% share of the sports-betting market in September, driven by a market-leading customer proposition, our strong brand presence and the ability to cross-sell from our fantasy sports player base."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FLTR Market Data

Currency UK Pounds
Share Price 11,990.00p
Change Today 190.00p
% Change 1.61 %
52 Week High 12,055.00
52 Week Low 5,512.00
Volume 241,456
Shares Issued 154.78m
Market Cap £18,558m
RiskGrade 178

FLTR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.33% below the market average90.33% below the market average90.33% below the market average90.33% below the market average90.33% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
82.53% above the market average82.53% above the market average82.53% above the market average82.53% above the market average82.53% above the market average
94.52% above the sector average94.52% above the sector average94.52% above the sector average94.52% above the sector average94.52% above the sector average
Income
67.35% below the market average67.35% below the market average67.35% below the market average67.35% below the market average67.35% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
68.86% above the market average68.86% above the market average68.86% above the market average68.86% above the market average68.86% above the market average
4.35% below the sector average4.35% below the sector average4.35% below the sector average4.35% below the sector average4.35% below the sector average

What The Brokers Say

Strong Buy 7
Buy 0
Neutral 7
Sell 1
Strong Sell 2
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FLTR Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 11-Apr-19
Paid 09-Oct-19 21-May-19
Amount 67.00p 133.00p

Trades for 12-Aug-2020

Time Volume / Share Price
16:36 49 @ 11,990.00p
16:36 89 @ 11,990.00p
16:36 445 @ 11,990.00p
16:36 160 @ 11,990.00p
16:36 266 @ 11,990.00p

FLTR Key Personnel

Chair Gary McGann
CEO Peter Jackson
CFO Jonathan Hill

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