Ladbrokes plc Coral Group - 4th Quarter Results (9977M)

TIDMLAD

RNS Number : 9977M

Ladbrokes plc

20 October 2016

20 October 2016

LADBROKES PLC

Coral Group

Financial results for Quarter 4 - Twelve weeks ended 25 September 2016

Gala Coral Group Limited ("Gala Coral") has today announced its Q4 financial results for the twelve weeks ended 25 September 2016. The full announcement can be viewed on the following website:

http://www.galacoral.co.uk/financial-centre/results-centre/2016

In accordance with Listing Rule 5.6.15G(4), Ladbrokes plc ("the Company") discloses the following extract from Gala Coral's financial results in relation to the Coral Group (comprising Coral Retail, Eurobet Retail and Online, but excluding Gala Retail) for the twelve weeks ended 25 September 2016:

Trading in the 12 week period to 25 September 2016 (FY16 Q4) was positive with total Coral Group net revenue 8.9% ahead of last year (YTD +11.3%).

Coral Retail net revenue grew 0.3% driven by an improvement in OTC gross win margin and machines growth.

Eurobet Retail net revenue was 31.2% ahead of last year, with strong growth in sports stakes.

Online saw continued strong growth with net revenue 23.7% ahead of last year (YTD+28.3%) with Coral.co.uk net revenue 31.7% ahead driven by strong sports stakes growth.

IMPORTANT NOTICE:

The information contained in this announcement is not for release, publication or distribution to persons in Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, the Republic of South Africa or the United States or in any jurisdiction where to do so would breach any applicable law. No public offer of securities is being made by virtue of this announcement.

This announcement has been prepared for the purposes of complying with the applicable law and regulation of the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the United Kingdom.

No statement in this announcement is intended as a profit forecast of the Company or a profit estimate of the Company and no statement in this announcement should be interpreted to mean that earnings per share of the Company for the current or future financial years would necessarily match or exceed the historical published earnings per share of the Company.

Certain figures contained in this announcement, including financial information, have been subject to rounding adjustments. Accordingly, in certain instances, the sum or percentage change of the numbers contained in this announcement may not conform exactly with the total figure given.

This announcement is for information purposes only and does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any decision in respect of the Company or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities. Neither the issue of this announcement nor any part of its contents constitutes an offer to sell or invitation to purchase any securities of the Company or any other entity and no information set out in this announcement or referred to in other written or oral information is intended to form the basis of any contract of sale, investment decision or any decision to purchase any securities in it.

This information is provided by RNS

The company news service from the London Stock Exchange

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October 20, 2016 02:30 ET (06:30 GMT)