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Jan 13 2020, 07:45 GMT
William Hill plc
Strong end to the year; CFO to depart
- Sectors : Gaming
- Companies : William Hill plc
DAVY VIEW
Favourable sporting results have helped drive a significant beat versus expectations at William Hill. Expected FY19 operating profit of £143-148m is c.12% ahead of consensus expectations at the mid-point (13.5% versus Davy). More encouragingly, the scale and pace of the US market ramp-up also appear to be resulting in better-than-expected regional economics. Offsetting this progress, the CFO’s decision to depart should be viewed disappointingly in our view.
