Corporate By William Hill PLC

William Hill PLC - Final Results

Announcements of preliminary results

William Hill PLC (the 'Group') today announces its results for the 52 weeks ended 26 December 2007 ('the period').

Highlights include the following:

  • Gross win up 15% to £931.3m (2005: £807.7m)
  • Profit on ordinary activities before finance charges and exceptional items up 19% at £292.2m (2005: £245.0m)
  • Cash generated from operations before tax and interest up 30% to £313.9m(2005: £242.0m) which represents 107% of operating profit
  • Basic earnings per share (EPS) pre exceptionals up 24% to 45.5 pence(2005: 36.6 pence)
  • Proposed final dividend up 19% to 14.5 pence per share (2005: 12.2 pence per share) payable on 5 June 2007 to shareholders on the register on 27 April 2007
  • The Group has purchased 43.3m shares for £257.0m via on-market share buy-backs between July 2005 and December 2006
  • Plans well developed to exploit opportunities in Spain and Italy in conjunction with our partners, Codere
  • In the nine weeks to 27 February 2007, the Group's gross win has increased by 11%. At this early stage of the year, the Board remains comfortable with consensus expectations

Commenting on the results, Charles Scott, Chairman, said:
"The Group has seen strong profit growth in the period, with the Group realising the full-year benefits of the Stanley Retail acquisition and benefiting from good organic growth throughout the rest of the business. Profit before finance charges and exceptional items was 19% higher than last year and earnings per share excluding exceptional items increased by 24%.

We remain confident of the Group's future prospects and are committed to delivering value to shareholders. The Board has resolved to increase the final dividend by 19% to 14.5 pence per share."

David Harding, Chief Executive, added:
"I am delighted with the performance of the Group, particularly the Retail business, which has prospered this year following the successful integration of Stanley Retail and the completion of the roll-out of EPOS".


David Harding, Chief Executive Tel: +44 020 8918 3910
Simon Lane, Group Finance Director Tel: +44 020 8918 3910
James Bradley, Deborah Spencer, Brunswick Tel: +44 020 7404 5959


There will be a presentation to analysts at 9.00 am today at the Lincoln Centre, 18 Lincoln's Inn Field, London WC2. Alternatively, it is possible to listen to the presentation by dialling + 44 1452 541 076. The presentation will be recorded and will be available for a period of one week by dialling + 44 1452 550 000 and using the replay access number 1161115£.

The slide presentation will be available on the Investor Relations section of the website:

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