The turnover of Française des Jeux (FDJ) at the end of September 2023 is 1.875 billion euros. On a comparable basis, the increase over 9 months amounts to +1% and +5% excluding Amigo and Euromillions. This performance is solid and in line with that of the 1st half.
With the integration of the ZEturf group and its horse racing betting activity, FDJ completes its online gaming offering and becomes the 4th operator in the competitive sports betting and online gaming market in France, with a market share of more than 10 %.
The acquisition of Premier Lotteries Ireland (PLI), authorized by the Irish lottery regulator in early October, is expected to be completed in early November. The strategic plan currently being developed aims to accelerate growth and increase PLI’s profitability.
Adjusted 2023 objectives
For 2023, FDJ is targeting an increase in turnover of around +5%, or between +1.5% and +2% on a comparable basis, with a current Ebitda margin rate maintained at around 24%. thanks to good load control.
FDJ is therefore partially adjusting its ambitions, since at the end of July, the group had communicated 2023 objectives of a turnover increasing by more than +5%, and more than +3% on a comparable basis. The current Ebitda margin rate was already expected to be “maintained at around 24%”.
FDJ will also benefit from a high level of financial income, expected to almost double that recorded at the end of June. The group reiterates its commitment to distribute between 80% and 90% of its consolidated net income
“Our growth remains solid, with player demand still well oriented, even if our activity is occasionally affected by the low number of high Euromillions jackpots. At the same time, the finalization of the acquisition of ZEturf at the end of September and that to come in November of Premier Lotteries Ireland illustrates our strategy of internationalization and diversification. We are delighted that the teams of these two operators are joining FDJ and that these operations will fuel the sustainable and profitable growth of the Group”, comments Stéphane Pallez, CEO of the FDJ group. .
2023-10-19 18:35:29
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