Entain (ENT)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

1,134.00p
   
  • Change Today:
      9.00p
  • 52 Week High: 2,171.00p
  • 52 Week Low: 1,075.50p
  • Currency: UK Pounds
  • Shares Issued: 588.83m
  • Volume: 534,195
  • Market Cap: £6,677m
  • RiskGrade: 260

Ladbrokes owner Entain expands into CEE; H1 revenues rise

By Michele Maatouk

Date: Thursday 11 Aug 2022

LONDON (ShareCast) - (Sharecast News) - Ladbrokes owner Entain announced a new drive to expand into Central & Eastern Europe (CEE) on Thursday and the acquisition of a Croatian sportsbook operator, as it posted a rise in first-half net gaming revenue.
The company said it has partnered with EMMA, a leading investment firm based in the Czech Republic, to establish a new venture - Entain CEE - to drive expansion in the region. Entain will own 75 % of the economic rights in Entain CEE, which has agreed to buy Croatian gaming and sportsbook operator SuperSport for €600m in cash.

There is also a further contingent payment of around €90m due to be made to EMMA early next year, based on SuperSport's EBITDA for the financial year ending 2022.

In its results for the six months to 30 June, Entain posted an 18% increase in total net gaming revenues to £2.1bn and a 20% rise in underlying operating profit to £246.5m. However, underlying pre-tax profit declined to £152.4m from £246.7m.

Online NGR fell 7% during the half. Entain said this reflects strong prior year comparators driven by Covid lockdowns, temporary closure in the Netherlands, affordability measures in the UK and customers responding to the economic backdrop.

Chief executive Jette Nygaard-Andersen said: "We continue to make excellent progress on our strategic priorities, with momentum in our business remaining strong as a result of putting the customer at the heart of everything we do. I am delighted that more customers are choosing to play with us as we focus on providing them with even better products, engaging content and exciting experiences.

"This has resulted in our highest ever level of actives in H1, up 57% versus the same period two years ago. Not only is this approach great for our customers, but it also provides us with a broader, more recreational customer base that will support more sustainable long-term revenues."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Entain Market Data

Currency UK Pounds
Share Price 1,134.00p
Change Today 9.00p
% Change 0.80 %
52 Week High 2,171.00p
52 Week Low 1,075.50p
Volume 534,195
Shares Issued 588.83m
Market Cap £6,677m
RiskGrade 260

Entain Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.15% below the market average9.15% below the market average9.15% below the market average9.15% below the market average9.15% below the market average
83.05% below the sector average83.05% below the sector average83.05% below the sector average83.05% below the sector average83.05% below the sector average
Price Trend
79.46% above the market average79.46% above the market average79.46% above the market average79.46% above the market average79.46% above the market average
22.39% below the sector average22.39% below the sector average22.39% below the sector average22.39% below the sector average22.39% below the sector average
Income
25.55% below the market average25.55% below the market average25.55% below the market average25.55% below the market average25.55% below the market average
17.24% below the sector average17.24% below the sector average17.24% below the sector average17.24% below the sector average17.24% below the sector average
Growth
76.95% above the market average76.95% above the market average76.95% above the market average76.95% above the market average76.95% above the market average
15.62% above the sector average15.62% above the sector average15.62% above the sector average15.62% above the sector average15.62% above the sector average

What The Brokers Say

Strong Buy 15
Buy 2
Neutral 1
Sell 0
Strong Sell 0
Total 18
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Entain Dividends

  Latest Previous
  Interim Interim
Ex-Div 18-Aug-22 22-Aug-19
Paid 22-Sep-22 26-Sep-19
Amount 8.50p 17.60p

Trades for 28-Sep-2022

Time Volume / Share Price
13:23 191 @ 1,134.00p
13:22 66 @ 1,133.50p
13:21 652 @ 1,133.00p
13:21 47 @ 1,133.50p
13:21 156 @ 1,133.50p

Entain Key Personnel

CFO Rob Wood
CEO Jette Nygaard-Andersen

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