The Entain Board has proposed an interim dividend of c£60m (9.3p per share), a 5% year on year increase per share. The interim dividend in respect of the H1 2024 results is expected to be paid in September 2024 to shareholders on register on 16 August 2024.
Other financial highlights include:
Group EBITDA at £524m, up 5% vs 2023; Online EBITDA £445m, +9%, Retail EBITDA £140m, -11%
Group loss after tax was £47m
Successful repricing of term loan debt and equivalent £600m add on
Robust balance sheet with net debt of £3,329m and available cash of >£1.3bn, at 30 June 2024
Project Romer efficiency programme progressing well, increasing annual net savings target to £100m in 2026
FY 2024 Group EBITDA expected to be in the range of £1,040m to £1,090m
