The Entain Plc Board proposed a total dividend for 2023 of £113m, to be paid to shareholders in equal instalments with H1 and FY results. As such, a second interim dividend of £56.5m (8.9p per share) is expected to be paid on 26 April 2024 to shareholders on register on 15 March 2024.
Other financial highlights include:
Reported Group EBITDA up 1% at £1,008m
Group EBITDA pre TAB NZ accounting, in line with expectations at £974m, down -2% year on year:
o Online EBITDA of £830m, in line with 2022 (Reported Online EBITDA up 4% at £857m)
o Retail EBITDA of £277m, down -1% (Reported Retail EBITDA up 1% at £284m)
Group profit after tax before separately disclosed items was £339m
Group loss after tax was £879m, reflecting the DPA settlement and impairment charges primarily related to the Australia operations being impacted by point of consumption tax increases
Adjusted diluted EPS of 44.2p
Robust management of balance sheet with year end adjusted net debt of £3,291m and leverage at 3.3x (3.1x on a proforma3 basis)
