The Entain Board has proposed an interim dividend of £56.5m (8.9p per share), a 5% increase per share year on year. The interim dividend in respect of the H1 2023 results announced today is expected to be paid in September 2023 to shareholders on register on 18 August 2023.
Other financial highlights include:
Group EBITDA8 at £499m is up +6% vs prior year
Group underlying profit before tax from continuing operations £287.6m
Group loss after tax from continuing operations £502.5m
Successful placing of 48.8m new shares raising £600m to fund the acquisition of STS Holdings and other strategic investments
Successful issuance of £500m of Term Loans following strong global demand enabling redemption of Ladbrokes Bonds due September 2023
Net Debt of £2,594m at 30 June 2023
FY 2023 Group EBITDA, expected to be in the range of £1,000m to £1,050m, pre accounting for TAB NZ
