21 April 2011 – trading update
The first quarter of 2011 has seen solid growth at bookmaking chain William Hill, with net revenue up by 11% and operating profit before exceptionals up by 21%. Both the retail and online businesses have done well whilst net debt has fallen in the first quarter. The group has recently made its first investment in the US where it sees opportunities for growth, whilst the existing UK business is expected to continue to expand. Although pre-tax forecasts have remained unchanged for the moment, these may be increased if the current momentum continues – the shares remain a BUY.