Gala Coral Delivers Robust Full Year Results

GALA CORAL DELIVERS ROBUST FULL YEAR RESULTS

20th November, 2014 at 08:28:40
Source: http://www.azonlinecasinos.com

Significant investment in online and mobile delivering the goods

Gala Coral delivered an upbeat full year 2014 report this week with the company showing strong underlying growth in all major divisions and its recently launched online business "paying off strongly".

Key performance indicators for the full year ending September 27, 2014 include:

- Group gross profit amounting to 890 million, up 9% on FY2013. - Total group EBITDA of 235.5 million, 14% ahead

Online and mobile were star performers, key performance highlights include:

Online :

- Coral.co.uk actives grew 70% and gross profit 134% - A three-fold increase in Sportsbook Bet-In-Play stakes - Galabingo.com saw an increase in spend-per-active of 23% and gross profit was ahead 18% - Galacasino.com grew actives by 14% and gross profit by 36 percent

Mobile :

- Percentage of actives using the mobile platform increased across all brands: Coral.co.uk 67.2 percent, Galabingo.com 54.3 percent, Galacasino.com 48.7% and Eurobet 45.3 percent.

Chief executive officer of the Gala Coral Group, Carl Leaver said: "The Group's financial performance in the full year was very pleasing with all major divisions reporting underlying growth in both gross profit and EBITDA.

"The significant investment in launching our new Online business is paying off strongly, with gross profit up 54% and EBITDA up 104 percent."

The momentum continues as current trading for the first 7 weeks of the new financial year shows growth in the online division "continuing on the same trajectory as FY14".

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