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Paddy Power CFO to take "good hard look" at Italian business

Tue, 03rd Mar 2015 07:58

DUBLIN, March 3 (Reuters) - Paddy Power will notprejudge the outcome of a review of its Italian business, ChiefFinancial Officer Cormac McCarthy said on Tuesday when asked ifthe Irish betting company was committed long term to Italy.

"There's no point in prejudging the outcome until we finishit and that won't take forever. When that's done, we'll letpeople know where we stand," McCarthy told Reuters in atelephone interview.

"We still grew very well in Italy last year, cost growth waslower but the market has hardly moved year-on-year so it'sincumbent on us at this stage just to have a good hard look atit." (Reporting by Padraic Halpin, editing by Louise Heavens)

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