Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Irish Stock Exchange  >  Flutter Entertainment plc    FLTR   IE00BWT6H894

FLUTTER ENTERTAINMENT PLC

(FLTR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Flutter Entertainment : 1st Half Proforma Revenue, Adjusted Earnings Rose

share with twitter share with LinkedIn share with facebook
08/27/2020 | 03:41am EDT

By Adria Calatayud

 

Flutter Entertainment PLC said Thursday first-half proforma adjusted earnings and revenue rose as its combination with PokerStars-owner The Stars Group Inc. offset the effect of the coronavirus pandemic.

In its first earnings report since completing the Stars Group deal in May, the Dublin-based betting and gambling group said proforma adjusted earnings before interest, taxes, depreciation and amortization--the company's preferred metric, which strips out exceptional and other one-off items--was 31% higher at 684 million pounds ($903.6 million) for the first six months of the year on proforma revenue that rose 21% to GBP2.39 billion.

Flutter, which also owns the Paddy Power, Betfair and FanDuel brands, said its first-half pretax profit was GBP24 million down from GBP81 million a year earlier. Reported revenue rose to GBP1.54 billion from GBP1.02 billion a year earlier.

Flutter said its performance in the second half to date is encouraging, but said its outlook remains highly uncertain.

For the full year, proforma adjusted Ebitda is expected to be between GBP1.18 billion and GBP1.33 billion, excluding U.S. operations, the company said. In the U.S., Flutter expects an Ebitda loss of between GBP140 million and GBP160 million this year.

Flutter separately said Rafael Ashkenazi, who was chief executive of Stars Group until completion of the combination between the two companies, has stepped down as nonexecutive director of the group.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 


share with twitter share with LinkedIn share with facebook
All news about FLUTTER ENTERTAINMENT PLC
10/22GAMING REALMS : Launches Slingo Originals Content With Paddy Power Betfair
DJ
09/25EUROPE : Virus fears push European stocks to worst week since June
RE
09/25Consumer stocks help UK shares end harsh week higher
RE
09/17FLUTTER ENTERTAINMENT : Tom Watson to advise Flutter Entertainment in safer gamb..
PU
09/14The NFL is Back and Sports Bettors Are Following
DJ
08/27GLOBAL MARKETS LIVE: Rising tensions
08/27Stay-home poker players, gamers boost Flutter first-half earnings
RE
08/27FLUTTER ENTERTAINMENT : 1st Half Proforma Revenue, Adjusted Earnings Rose
DJ
08/27FLUTTER ENTERTAINMENT PLC : Half-year results
CO
08/27FLUTTER ENTERTAINMENT PLC : Nomination
CO
More news
Financials
Sales 2020 4 968 M 5 876 M 5 876 M
Net income 2020 91,6 M 108 M 108 M
Net Debt 2020 3 179 M 3 759 M 3 759 M
P/E ratio 2020 134x
Yield 2020 -
Capitalization 21 308 M 25 181 M 25 200 M
EV / Sales 2020 4,93x
EV / Sales 2021 4,30x
Nbr of Employees 9 153
Free-Float 96,2%
Chart FLUTTER ENTERTAINMENT PLC
Duration : Period :
Flutter Entertainment plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FLUTTER ENTERTAINMENT PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 112,16 €
Last Close Price 137,55 €
Spread / Highest target -5,49%
Spread / Average Target -18,5%
Spread / Lowest Target -31,4%
EPS Revisions
Managers
NameTitle
Jeremy Peter Jackson Chief Executive Officer & Director
Gary W. McGann Non-Executive Chairman
Jonathan Stanley Hill Chief Financial Officer & Director
Ian Dyson Senior Independent Non-Executive Director
Zillah Ellen Byng-Thorne Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
FLUTTER ENTERTAINMENT PLC29.08%25 181
SANDS CHINA LTD.-29.53%30 637
GALAXY ENTERTAINMENT GROUP LIMITED-5.49%30 395
ARISTOCRAT LEISURE LIMITED-5.94%14 406
EVOLUTION GAMING GROUP AB140.14%14 049
CAESARS ENTERTAINMENT, INC.280.59%10 563