Finance

GVC ignites action plan to halve monthly EBITDA damage

Operator kickstarts cost-saving strategy to save £50m per month as Q1 online revenue rises 16%

GVC has taken action to halve its monthly EBITDA losses after initial guidance suggested coronavirus would cost the operator £100m per month. The London-listed firm is planning to reduce monthly EBITDA impact to £50m by using the UK government’s furlough scheme for retail colleagues, as well as applying for business rates relief. Those measures will…

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