Annual Report & Accounts 2014 - REPORT OF THE CHIEF EXECUTIVE
in the uk in particular the new tax-regime has increased headwinds for smaller and less diversified operators.
the strength of gvc's diversified operations coupled with strong cash generation and cash control place the
group in an enviable position in the industry, although gvc is not immune to movements in rates of foreign
exchange. in 2015, it is the intention that gvc will continue to build on its exceptional record of integrating
strategic acquisitions and the focus will be on increasing the diversification of our revenues by targeting
accretive acquisitions in regulated markets. however, should the right opportunity arise, we would also
consider acquisition opportunities in unregulated markets.
i end my report on a very upbeat note - the Board believe the group has never been in a stronger position
than now; robust trading; diversified products and markets; highly motivated staff; and technological
developments which will allow the group to prosper. for this reason i am delighted to be able to announce a
further increase in the quarterly dividend to 14.0 €cents per share plus a final special dividend of 1.5 €cents
20 march 2015
ANNUAL REPORT 2014 8
rEport oF thE chIEF ExEcUtIvE continued