Q3 Interim Management Statement
William Hill PLC (William Hill) (LSE: WMH) announces its interim management statement for the 13 weeks (Q3) and 39 weeks (year-to-date or YTD) ended 29 September 2009. Comparisons are with the equivalent periods in 2008.
- Good underlying performance
- Group net revenue up 3% year-to-date, down 3% in Q3
- Unfavourable sporting results in Q3 impacting online Sportsbook but mitigated in Retail by strong cost control and higher-than-expected turnover
- Retail performing well
- Machines growing at 4% and OTC turnover stronger in Q3
- Continuing focus on cost control
- William Hill Online continuing to make good progress
- Sportsbook turnover up 40% in Q3
- Integrated Playtech-based casino to be launched by end of October
Ralph Topping, Chief Executive of William Hill, commented:
“Business volumes both in our shops and online since the beginning of the football season in mid-August have been good with strong turnover in our online Sportsbook and encouraging levels of recycling in Retail. In addition, our machine business continues to perform well. In what has, to date, been an extraordinary year for sporting results, football and horseracing affected us again in August and into September but margins have returned to more normal historic levels since then.
“William Hill Online is continuing to make good progress with especially strong growth in Sportsbook volumes. With the launch of our new Playtech casino before the end of October, integration of our acquisition will be complete.”
|William Hill PLC||Ralph Topping, Chief Executive
Simon Lane, Group Finance Director
Lyndsay Wright, Head of IR
|Tel +44 (0) 20 8918 3614|
|Tel: +44 (0) 20 7404 5959|
Analyst conference call
Ralph Topping, Chief Executive, and Simon Lane, Group Finance Director, will be hosting a conference call for analysts at 8.30 am BST on tel: 0800 634 5205 (international: +44 20 8817 9301), PIN 2077421. A replay of the call will be available for a period of one week on tel: 020 7769 6425 (international: +353 1436 4267), PIN 2077421#. The call is also accessible by webcast atwww.williamhillplc.com, where it will be available until 14 October 2010.
Notes to editors
William Hill is a leading betting and gaming company. It is one of the UK's largest bookmakers with over 2,300 LBOs in the UK and Ireland that provide betting opportunities on a wide range of sporting and non-sporting events and, in the UK, gaming machines are offered in every LBO. The Group’s online business, William Hill Online, is one of the leading European online betting and gaming businesses by profitability, providing sports betting, casino games, poker, bingo, numbers betting and skill games.