French lottery operator Française des Jeux (FDJ) has announced a’ landmark year’ since publishing as a Paris Euronext Exchange firm its first collection of corporate results.
FDJ reported a 9 percent increase in stakes to € 17.2bn (FY2018: € 15.8bn), citing increases across’ all lottery verticals.’
FDJ said it now operates the largest point-of-sale network, with a capacity of + 30,000, resulting in corporate sales of € 16bn.
Retail growth was driven by strengthening FDJ’s digital inventory, which contributed € 3.4bn in revenue, representing 20 percent of corporate wagering.
The solid commercial strength of the FDJ would see the company reporting an 8% rise in group sales to € 1,9 billion (FY2018: € 1,8 billion), with the lottery operator announcing a € 346 million corporate EBITDA (FY2018: € 319 million).
Attributing € 70 million in extraordinary costs associated with its November IPO, FDJ Governance closed its 2019 accounts by reporting a net group profit of € 133 million.
Citing a strong market trend as of 2020, FDJ governance has stepped towards enhancing its outlook for the year–targeting a 5% increase in sales and 20% improvement in its EBITDA margin.
The FDJ cites that 2020 will be a year of high activity, promoting the Tokyo 2020 Olympic team in France and launching a new portfolio of instant sports, as well as planning for the Euro 2020 wagering of UEFA.
FDJ Chairwoman and CEO Stéphane Pallez stated: “2019 will be remembered as a landmark year for La Française des Jeux with the great success of its initial public offering to numerous institutional investors, individual shareholders and Group employees. 2019 was also characterised by very strong growth in all our businesses, across all sales channels, both physical and digital, and the Group’s excellent operating and financial performances.
“These results allow us to adjust our 2020 outlook upwards and to look forward with renewed confidence to the deployment of our sustainable growth strategy, in line with our commitments to CSR and responsible gaming.”