Satisfactory Second Quarter For Gala Coral

Growth in interactive and Italian retail
Gala Coral Group released its results for the 12 weeks ended April 13, 2013 presenting what it terms as "satisfactory" progress.
The Group's Coral Retail division performed well as opposed to Gala Retail which suffered from poor weather and the broader consumer environment over the second quarter, a company statement said.
Italian retail and online operations showed good progress and strong volume growth.
Key Performance Indicators include:

  • Group turnover of GBP 311.3 million (Q2/2012: GBP 284.4 million), up 9 percent
  • Gross profit of GBP 234 million (Q2/2012: GBP 221.6), up 6 percent
  • EBITDA (pre-exceptionals) of GBP 74.2 million (Q2/2012: GBP 71.8 million) up 3 percent

The company said its Coral Interactive division showed strong growth in the second quarter of trading following the re-launch of its online and mobile sites, delivering a 116 percent rise in active player numbers, 120 percent increase in amounts stakes and a 110 percent rise in gross win.
Gala Interactive active player numbers increased by 43 percent, staking levels by 35 percent, and an increase in EBITDA of 27 percent.
Carl Leaver, Group Chief Executive of Gala Coral Group, commented: “Both interactive businesses grew volumes strongly and Eurobet Italia continued to take market share both in its shops and online, with more growth to come following the acquisition of 500 new shop licences."