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Sportech lowers full-year forecast as new contracts fail to materialise

7th November 2018 8:48 am GMT

London-listed betting supplier Sportech said Wednesday that it expects full year adjusted EBITDA to be 14 to 20 per cent higher than a year ago, although lower than current market expectation.

The company said that certain expected sales contracts are unlikely to be secured in 2018, causing adjusted EBITDA, excluding sports betting investments, to be 5 to 10 per cent lower than the current market expectation of £8.5m for 2018.

Sportech chief executive Andrew Gaughan expressed his [...]

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