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Aug 11 2022, 08:05 IST/BST
Entain
Little change to estimates expected; interesting move in CEE region
DAVY VIEW
Entain’s newly introduced 2022 EBITDA guidance range (£925-975m) suggests we are unlikely to make material changes to our estimates (Davy: £953m). That is despite its H1 performance being modestly behind our expectation. A strong balance sheet position has allowed the group to reinstate its dividend (six months earlier than expected) and also to strengthen its position in Central & Eastern Europe with the creation of Entain CEE (and the accompanying acquisition of 75% of an attractive looking SuperSport business).
