FDJ full year profit tops €425 million

Finance News

FDJ announced full year revenue of 2,621 million euros, up 6.5% and 2.8% on a like-for-like basis.

Recurring EBITDA of €657m, up 11.3%, i.e. a margin of 25.1%. Net profit of €425m, which benefited from the high level of recurring EBITDA and the very sharp change in financial profit.

Strong dividend growth at 1.78 euro per share, i.e. a payout ratio of 80%. 2024 targets: revenue growth in lottery and sports betting and online gaming open to competition activities in France of around 5%. With the contribution from other activities (International, Payment & Services), the Group’s revenue growth should be around 8%. Recurring EBITDA margin of around 24.5%.

Stéphane Pallez, Chairwoman and CEO of the FDJ Group, said: “FDJ delivered solid growth and results this year. The Group reached in 2023 a major milestone in the implementation of its strategy with the completion of the acquisition of Premier Lotteries Ireland and ZEturf.

The proposed acquisition of Kindred, announced at the end of January, will enable the creation of a European champion and significant value creation for the benefit of all stakeholders, in line with our model combining performance and responsibility.”