Home » Business » Groupe Partouche Reports Strong Financial Growth in 2023: GGR Up 10.2% to €701.5 Million

Groupe Partouche Reports Strong Financial Growth in 2023: GGR Up 10.2% to €701.5 Million

(Boursier.com) — In the 4th quarter of 2023, Groupe Partouche’s Gross Gaming Product (GRP) increased by +1.7% to 181.8 million euros, a satisfactory performance given the high basis of comparison (post-Covid catch-up effect in the 2nd half of 2022).

For the 2023 financial year, Groupe Partouche’s GGR increased by +10.2% to €701.5 million (€636.7 million a year earlier).

In France, the annual GGR increased by +9.7% to €630.5 million, mainly driven by all forms of games: +20.3% for electronic forms of games, +11.7% for video games. non-electronic tables and +7.9% for slot machines.
Internationally, the annual GGR increased by +15.1% year-on-year, to €71.1 million, including a favorable exchange rate effect of +2.5 million linked to the Meyrin casino in Switzerland.

In total, after deductions, the Net Revenue from the Games amounts to 332.9 ME over 12 months, an increase of +9% compared to 2022. In the 4th quarter of 2023, it stands at 77.7 ME (+0. 7% compared to Q4 of the previous financial year).

Non-gaming turnover increased by +9.5% to €94.3 million, driven by the Hotels activity (+12.8%) in line with the good momentum of the group’s hotels.
In total, after taking into account scope effects over the period, the 2023 annual turnover stands at €423.8 million, up +9% compared to 2022. It stands at €103.1 million in Q4. 2023, recording satisfactory progress compared to Q4 2022 of +2.4%.

2023-12-12 22:14:14
#Groupe #Partouche #turnover #increases

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