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Trading statements

bwin.party net revenues rise

05 January 2016 07:14

bwin.party digital entertainment's net revenue in Q4 grew by 5% versus the same period in 2014, driven by sports betting and casino that enjoyed strong performances, particularly through mobile channels.

Excluding the impact of EU VAT that was introduced in certain markets on 1 January 2015, the increase in net revenue would have been 8%.

Additionally, significant progress continued to be made on achieving further cost savings.

The group says that based upon recent trading performance, the forthcoming Euro Championship in 2016 and the full year benefit of cost savings already achieved in 2015, the board believes that the group's prospects are strong, and these will be enhanced yet further by the proposed combination with GVC Holdings PLC.

Story provided by StockMarketWire.com

Related Company: BPTY

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