![]() ![]() We are embedding proprietary components across the platform architecture and are delivering a constant flow of new features including faster product experience, improved navigation and greater protection to our customers around the world. "In 2020 we put our strategic plans firmly into action, diversifying our geographical footprint, expanding our team's capabilities and rebuilding our technology. We prioritised the protection and safety of both our colleagues and our customers, and our employees went above and beyond for which I thank them. In what was an extraordinary year I am immensely proud of how the Group has responded and the resilience we have seen in our performance. Ulrik Bengtsson, Chief Executive Officer, commented: "We began the year well and finished the year even stronger, highlighting the traction generated by our strategic focus on Customer, Team, Execution. Valuing William Hill equity at c.£2.9 billion recognises the investment required to maximise the US opportunity, the possibility of regulatory disruption in the UK and Europe, and the uncertainty related to the longer-term impact of the Covid-19 pandemic.Reflects the attractive position of the William Hill brand and significant progress made by the Group over the last 18 months, together with its long-term growth opportunities. ![]() Recommended cash offer of 272p per share by Caesars (the 'Acquisition').Substantially enhanced player protection with increased guardrails and rapid digital compliance.Regulatory risk remains ever-present in Europe and the UK engaging stakeholders to promote fair and balanced regulatory ecosystems.Net debt/EBITDA 6 0.8x: below the 1-2x target following an equity placing raising £218.6m net proceeds and successful VAT refund claim.Thoughtful cash preservation: final dividend and employee bonuses cancelled covenants waived disciplined cost management.Balance sheet strengthened through actions to raise capital and preserve liquidity.Statutory profit before tax of £51.0m: benefitted from the VAT receipt of £208.3m, more than offsetting the Retail non-cash impairment of £125.7m and costs of £70.4m associated with the cash offer from Caesars Entertainment, Inc.Adjusted operating profit 2 £57.3m fell 61%: impacted by disruption to sporting calendars, Retail and casino closures, partially offset by strong performance from digital channels.US expanded nationwide presence through market-leading partnerships, maintaining a robust market position and grew net revenue 32%.Retail responded to pandemic restrictions with agility and resilience net revenue fell 51%, -30% on a like-for-like 5 basis.§ Platform and product launches for UK Online benefitted the second half, generating record net revenue for the year of £503.2m § International grew net revenue 16% and expanded into new territories Online delivered 9% net revenue growth:.Net revenue fell 16%: Covid-19 pandemic led to disruption of live sporting events, closures and restrictions to Retail and casinos, partially offset by growth in online gaming.Global diversification increased: 36% Group net revenue originated outside the UK (2019: 24%).Strategic focus on Customer, Team, Execution materially improving competitiveness.Strong finish to a challenging year with convincing momentum across our digital businesses.Comparatives relate to the 52 weeks ended 31 December 2019. William Hill PLC (LSE: WMH) ('William Hill' or the 'Group') announces its final results for the 52 weeks ended 29 December 2020 (the 'period' or '2020'). Relentless focus on Customer, Team, Execution delivered solid results as technology and product improvements gained traction, alongside our continuing commitment to player safety Strong finish to a challenging year which we met head-on ![]()
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