Sign in

    James Rowland Clark • Barclays

    James Rowland Clark's questions to Flutter Entertainment PLC (FLUT) leadership

    James Rowland Clark's questions to Flutter Entertainment PLC (FLUT) leadership • Q2 2024

    Question

    James Rowland Clark questioned the underlying trends in the Australian market and sought an explanation for the upward revision of the group's interest charge guidance.

    Answer

    CFO Rob Coldrake explained that Australia's performance was resilient, with strong customer engagement in marquee sports events helping to offset expected declines in the racing market. He attributed the higher interest charge guidance to a delay in cash efficiency projects until 2025 and a correction of previously optimistic interest rate and cash assumptions for the second half of the year.

    Ask Fintool Equity Research AI

    James Rowland Clark's questions to Flutter Entertainment PLC (FLUT) leadership • Q2 2024

    Question

    James Rowland Clark asked for factors providing confidence that Australian market trends have bottomed and whether the increase in the guided interest charge is a timing issue or a permanent change.

    Answer

    CFO Rob Coldrake explained that Australia's performance is resilient, with strong customer acquisition in marquee sports events offsetting expected racing market declines. Regarding the interest charge, he stated it is partly a timing issue, with a cash efficiency project delayed to 2025, and partly a revision of previously optimistic forecasts for interest rates and cash balances.

    Ask Fintool Equity Research AI