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Paddy Power Betfair PLC (PDYPF.PK)

PDYPF.PK on OTC Markets Group - US Other OTC and Grey Market

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Latest Key Developments (Source: Significant Developments)

Paddy Power Betfair CEO says has lot of appetite for more U.S. M&A
Wednesday, 17 May 2017 07:11am EDT 

May 17 (Reuters) - Paddy Power Betfair :CEO says has a lot of appetite to do more m&a in u.s..CEO says hard to see current intense competition at every level in european market abating.CEO says given level of competition we are cautious but guardedly optimistic.CEO says smaller players will continue to struggle, either "wither on the vine" or be forced to consolidate.CEO says appears to be appetite for considerable change to uk fixed-odds betting terminals regulation, very comfortable with ability to trade through it.CEO says very happy with retail business, expects to open shops in the uk in h2.CEO speaking to media after Annual General Meeting.  Full Article

Paddy Power Betfair Q1 profits double on revenues, merger savings
Wednesday, 3 May 2017 02:13am EDT 

May 3 (Reuters) - Paddy Power Betfair Plc :Q1 revenue up 23 pct to £416m (up 15 pct in constant currency.Growth driven by sports, with sportsbook stakes up 18 pct (cc +9 pct) and margins up 1.3ppts.Underlying ebitda up 87 pct to 111 mln pounds and underlying operating profit up 114 pct to 91 mln pounds (cc +117 pct).Revenue growth, annualisation of merger-related cost savings and continued focus on operating efficiency resulted in doubling of operating profit.Results favoured customers since Q1, and overall gross win margins were weak in April.  Full Article

INTERVIEW-Paddy Power Betfair seeing zero impact from Brexit
Tuesday, 7 Mar 2017 02:31am EST 

Paddy Power Betfair Plc CEO says: To date has seen no material impact on business at all from Brexit . Very well positioned to weather economic, regulatory headwinds versus majority of competitors . Still happy to open shops, think it will be double digit openings in 2017 . Continues to look at new markets but 2017 primarily defined by completing integration Further company coverage: [PPB.I] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;)).  Full Article

Paddy Power Betfair FY earnings up 35 pct, 2017 in line with expectations
Tuesday, 7 Mar 2017 02:00am EST 

Paddy Power Betfair Plc : Underlying EBITDA up 35 pct to 400 mln pounds with EBITDA margin increased to 26 pct from 22 pct . Final dividend of 113 pence per share results in total dividends for year of 165 pence per share . Trading in 2017 to date has been in line with our expectations, with group sportsbook stakes up 22 pct or 12 pct constat currency basis . Group is well positioned to deliver sustainable, profitable growth . FY revenue up 18 pct to 1,551 mln pounds, with double-digit growth across all four operating divisions Further company coverage: [PPB.I] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;)).  Full Article

Paddy Power Betfair CEO says use of excess cash a conversation for 2017
Wednesday, 24 Aug 2016 07:04am EDT 

Paddy Power Betfair Plc : Paddy Power Betfair CEO says conversations around future M&A, returning excess cash to shareholders for 12 months time Further company coverage: [PPB.I] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;)).  Full Article

INTERVIEW-Paddy Power Betfair well positioned for future M&A - CEO
Wednesday, 24 Aug 2016 03:15am EDT 

Paddy Power Betfair Plc : Paddy Power Betfair CEO says will typically use Betfair brand exclusively for entries into other European markets . Paddy Power Betfair CEO says group will focus primarily on regulated markets and on digital over high street . Paddy Power Betfair CEO says board continues to examine what level of gearing the merged group will target . Paddy Power Betfair CEO says speedier integration puts it in a pretty good position to get involved in M&A if it wishes . Paddy Power Betfair CEO expects to open 10 shops in H2, may be interested in small amount of Ladbrokes, Coral stores for sale . Paddy Power Betfair CEO says not yet seeing any evidence of an impact from Brexit, not weighing on thinking Further company coverage: [PPB.I] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;)).  Full Article

Paddy Power Betfair H1 earnings up 31 pct, merger cost synergies increased
Wednesday, 24 Aug 2016 02:00am EDT 

Paddy Power Betfair Plc : Revenue up 18 percent to £759 million, with double-digit growth in all four divisions, online up 20 percent . Interim dividend of 40 pence per share takes total dividends for period to 52 pence per share . Merger integration progressing ahead of plan with majority of actions already completed . Now expecting £65 million of cost synergies with full benefit to be achieved in 2017 . Full year 2016 proforma underlying ebitda is expected to be between £365 million and £385 million . H1 underlying proforma EBITDA £181 million, up 31 percent y/y . Will adopt a more targeted approach to customer proposition and messaging for each brand Further company coverage: [PPB.I] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;)).  Full Article

Paddy Power Betfair says 68 pct of AGM votes in favour of directors' pay
Wednesday, 18 May 2016 11:00am EDT 

Paddy Power Betfair Plc : 68.22 percent of votes cast at AGM in favour of approval of directors' remuneration report, 31.78 percent against .87.51 percent of votes cast at AGM in favour of resolution for authority to allot shares, 12.49 percent against.  Full Article

Paddy Power PLC reaffirms FY 2015 operating profit guidance
Tuesday, 17 Nov 2015 02:00am EST 

Paddy Power PLC:Says board continues to expect FY 2015 reported operating profit to be a mid to high single digit percentage increase above FY 2014.  Full Article

Possible Merger of Paddy Power plc and Betfair Group plc
Wednesday, 26 Aug 2015 02:01am EDT 

Paddy Power PLC:Says Boards of Paddy Power and Betfair are to announce that they have reached an agreement in principle on the key terms of a Possible Merger of Paddy Power and Betfair to create Paddy Power Betfair plc.Says Paddy Power shareholders would own 52 per cent. and Betfair shareholders would own 48 per cent. of the issued and to be issued share capital of the Combined Group.Says Immediately prior to completion, Paddy Power shareholders would receive a special dividend of e80 million.Says Gary McGann, Chairman of Paddy Power, would become Chairman of the Board of the Combined Group.Says Breon Corcoran, CEO of Betfair, would become CEO of the Combined Group.Says Andy McCue, CEO of Paddy Power would become COO and an Executive Director of the Combined Group.Says Alex Gersh, CFO of Betfair, would become CFO and an Executive Director of the Combined Group.Says.  Full Article

More From Around the Web

Paddy Power Betfair eyes U.S. amid European market consolidation

DUBLIN Paddy Power Betfair , is interested in expanding further into the United States amid intense competition in Europe that could see smaller rivals either join forces or "wither on the vine," its chief executive said on Wednesday.