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Oliver Haill Sharecast News
09 Nov, 2016 08:50 09 Nov, 2016 09:39

Playtech says revenues hit by weak currencies and 'low volatility'

Playtech said that although second-half trading had been ahead of last year, reported revenue has been hit by weakening of sterling and other currencies against the euro and apparent low market volatility.

FTSE 250

20,351.83

14:35 18/11/24
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FTSE 350

4,459.04

14:35 18/11/24
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FTSE All-Share

4,416.84

14:35 18/11/24
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Playtech

730.00p

14:33 18/11/24
0.41%
3.00p

Software & Computer Services

2,462.00

14:35 18/11/24
-0.11%
-2.62

Since 30 June, the gaming division has seen growth in underlying daily average revenues moderately ahead of the already strong growth reported at the time of the interim results in August.

The financials division has "seen very positive signs of improvement" in the customers making a first deposit and active customers in the half,

However, the company, as it prepares to host an event for investors and analysts, also claimed "low market volatility" was holding back overall performance in financials.

Shares in Playtech were down 0.5% to 888p by 0930 GMT on Wednesday.

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