William Hill trading statement warns of 15 percent decline on 2017

In a trading statement for the unaudited 53 weeks ended January 1, 2019, William Hill PLC said the Group’s full-year adjusted operating profit1 for 2018 from continuing operations is expected to be cGBP 234 million, c15 percent down on 2017.

“This is in line with guidance, which was for 2018 operating profit to be in the range of £225m-£245m,” the company said attributing the decline to enhanced customer due diligence measures in Online, US expansion and challenging retail environment associated with wider high street conditions.

Philip Bowcock, CEO, commented:

“2018 was a pivotal year for both William Hill and the wider industry. We now have greater clarity around the key challenges and opportunities for our business.

“In 2019 we will remodel our Retail offer while building a digitally-led international business, underpinned by a sustainable approach as part of our Nobody Harmed ambition.

“With rapid expansion underway in the US, building on profitable foundations, and the acquisition of Mr Green nearing completion, we look forward to making further progress this year.”

The Group’s 2018 final results will be announced on Friday, 1 March 2019.