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May 16 2019, 08:10 IST/BST
Ahead of its much-anticipated capital markets event, GVC has announced that 2020 EBITDA is now expected to be boosted by £30m (c.4% of our current forecast). Half of this relates to an (expected) acceleration in LCL-related synergies and should not impact on 2022 forecasts. However, the other half relates to an improved outlook for Retail, with the net impact of Triennial Review changes now less than previously anticipated. Current trading is said to have remained strong, with its full year outlook still in line with market expectations. We expect the company to set out how it intends to outperform the market at its event this afternoon.
May 16 2019, 08:10 IST/BST