FDJ stock edges higher as results surpass estimates
FDJ Group has reported revenue to end-september up 12% to €2,097m, up 6% on a like-for-like basis.
Gaming revenue in France up 8% to €1,907m.Lottery revenue up 7% to €1.5bn, thanks to a strong performance across all game ranges. 13% revenue growth in sports betting and online gaming open to competition to €407m. Point-of-sale revenue rose by 3% in France and by 9% including Ireland.
Digital revenue came to €302m, up 39% or 25% on a like-for-like basis, representing 15% of total revenue.
Stéphane Pallez, Chairwoman and CEO of the FDJ Group, said: “FDJ continues to deliver a solid financial and non-financial performance, which allows us to confirm our growth and profitability trend for the year as a whole.
This performance was driven both by the lottery and by sports betting and online gaming open to competition, and by all our distribution channels, with a network of points of sale in progression and strong momentum from digital games. The Group also reached a major milestone in the implementation of its strategy with the completion of the Kindred acquisition in early October, creating a European champion with a diversified and balanced profile for the benefit of all our stakeholders.”