France’s FDJ reports third quarter revenue jump

Finance News

French gaming operator La Française des Jeux (FDJ) third quarter revenue jumped 5% to €529 million and stakes of €4.5 billion were up 4%. Good trends in stakes at points of sale was up 2%, driven by the reopening of the entire network from the beginning of June.

Based on its revenue at the end of September, and with a stabilised health environment, FDJ confirms its outlook for 2021, namely revenue of €2.2 billion on the basis of stakes of approximately €18.8 billion, and an EBITDA margin greater than or equal to 22%

Stéphane Pallez, Chairwoman and CEO of FDJ, said: The good recovery in our business seen in the second quarter has continued, both online and in our point-of-sale network, with a 5% increase in third-quarter revenue. We are confident that we will achieve our full-year objectives and we have faith in our sustainable growth strategy, which combines financial performance and responsible gaming commitment. In the meantime, FDJ Group has recently renewed its support for the most vulnerable groups, in the form of an exceptional €2 million programme in favour of young people hit hard by the health crisis.