Sportech set to top earnings forecasts
Sportech said it expected to post annual adjusted operating earnings ahead of its expectations.
Revenue, meanwhile, would be in line with expectations.
‘The board is pleased to announce that the group continues to drive operational efficiencies through all business lines,’ Sportech said.
Positive decisions had been taken to restructure the group, exit certain non-profitable activities and streamline costs,’ it added.
Those move would impact the exceptional items cost line in the current financial year, but but deliver long term returns, Sportech said.
‘Sportech now has a management team in place to transform the business to drive growth and efficiencies,’ chief executive Richard McGuire said.
‘We have extricated the group from a number of historically expensive strategies, delivered an efficient and lower operational cost base, and we are now much more confident in the group’s ability to deliver significant value to our clients and shareholders.’