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Trading statements

Wm Hill makes positive start to year

09 May 2017 07:20

Wm Hill has made a positive start to the year, across the board, and at thi stage is in line with expectations for 2017.

"Our Online business continues to deliver growth thanks to the improvements in product, user experience and marketing we have made," said CEO Philip Bowcock.

"Retail is also seeing positive trends while our key international markets continue to perform well with double-digit wagering growth."

Bowcock said the company's transformation programme was progressing well and it was on track to deliver £40m of annualised savings by the year-end.

"Overall, we are in line with market expectations for 2017 at this early stage in the year."

Wm Hill said its total net revenue for the 17 weeks to April 25 was up 9%, with gains in online (up 16%), retail (1%), Australia (41%) and US (19%).

Story provided by StockMarketWire.com

Related Company: WMH

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