Published: August 8, 2021

La Française des Jeux : H1 2021: Activity Well Oriented, in a More Favourable Environment Since Mid-May

JULY 29, 2021

H1 2021: ACTIVITY WELL ORIENTED, IN A MORE FAVOURABLE ENVIRONMENT SINCE MID-MAY

#FINANCIAL

Download 

PDF File/0.292 Mo

  • Good momentum despite restrictions linked to the health crisis – Quick return to a more normal environment since mid-May
    • Entire point-of-sale network open from early June
    • Gradual acceleration of activity in the second quarter driven by point-of-sale lottery, with the reopening of bars, and UEFA Euro 2020
  • Revenue of €1.1 billion, up nearly 9% compared with the first half of 2019[1]
    • Stakes of €9.2 billion, up 8%. Growth in all activities, lottery +4% and sports betting +25%, and across all distribution channels, with online stakes accounting for 12% of total stakes
    • The Group is reaffirming its commitment to responsible gaming and the prevention of underage gambling by systematically accompanying its lottery and sports betting advertisements with dedicated messages
  • EBITDA of €261 million, i.e. a margin of 24.1% exceptionally boosted by a deferral of commercial expenses to the second half due to the health situation in the first half
  • Outlook for 2021: further good business momentum and acceleration of commercial investments in the second half

As such, assuming a stabilised health environment, FDJ expects to record stakes of approximately €18.8 billion for revenue of €2.2 billion in 2021, with an EBITDA margin greater than or equal to 22%

Boulogne-Billancourt (France), 29 July 2021 (5:45 p.m.) – La Française des Jeux (FDJ), France's leading gaming operator, announces its results for the first half of 2021 and its outlook for 2021 as a whole.

Stéphane Pallez, Chairwoman and CEO of FDJ, said: “The second quarter confirmed a recovery in our business to levels above those recorded before the crisis. Our stakes are increasing, both online and in our point-of-sale network. Over the half-year, we accordingly recorded an increase of nearly 9% in revenue compared with the same period in 2019. Barring new restrictions in response to developments in the health situation, the Group expects to maintain good momentum in the second half and is confident in its business and results prospects in accordance with its responsible gaming model.”

Key figures (in millions of euros)

 CLICK HERE TO READ THE ENTIRE RELEASE

 

Guests Online?

We have 4526 guests and no members online

© Public Gaming Research Institute. All rights reserved.