Download our 2020 Annual Report (PDF).
Stuart Simms, Chief Executive Officer
“We entered 2020 with strategic and operational clarity, only to find ourselves knocked off track in the short term by the unforeseen challenges of a Google penalty and the Covid-19 global pandemic. Even against this backdrop the business performed relatively well, and we made significant progress on the priorities of upgrading the asset portfolio and restructuring the organization, which will drive performance over the longer term.
Over the last few months, the Company completed two significant acquisitions in the US Sports market. This is a very positive and material step in rebalancing the Group, providing immediate scale in an attractive and high-growth, regulated market.
Completing the transformation of the business, including the overhaul of the systems supporting it and delivering the long- term operating structure to maximise growth will involve further significant investment in 2021. Notwithstanding this, our level of confidence in the business performance and recovery continues to grow and we have entered 2021 with positive momentum, which we expect to lead to revenue materially ahead of the previous year.”
2020 Full Year Results Webcast
(*) Reclassified ‐ excluding discontinued operations
(**) Earnings Before interest, Taxes, Depreciation, Amortization and excluding share‐based payments, impairment and reorganisation costs
(***) Excluding loss from impairment and reorganisation costs