Net revenue(1) (£million)£1,053.3m+7.4%
Operating profit(1)(2) (£million)£206.1m+8.0%
Dividend (pence per share)8.9p+14.1%
UK RetailNet revenue£739.5m+8.2%
European RetailNet revenue£126.2m+1.7%
Peter Erskine considers business performance, the role of corporate governance and how Board changes position Ladbrokes for 2013.
The Board and the executive team use a number of key performance indicators (‘KPIs’) to monitor Group and divisional performance against budgets and forecasts as well as to measure progress against our strategic objectives. Here we provide the main KPIs for our two largest divisions.
Ladbrokes is in the business of providing excitement to customers. We deliver the excitement of sports betting and gaming in retail, online, via tablet, mobile and on the telephone.
Achieving the strategy outlined in the Chief Executive’s review will deliver long-term growth for the benefit of all stakeholders whilst minimising some of the key risks that Ladbrokes faces. Failure to achieve the strategy has the potential to affect the business and its performance.
Acting responsibly has always been a priority for Ladbrokes. The continued public questioning of the role of business in society has confirmed our view that a successful business is a responsible business.
The Board continues to be committed to high standards of corporate governance. The Board strives to provide the right leadership, strategic oversight and control environment to produce and sustain delivery of value to all of the Company’s shareholders.