FDJ raises full-year guidance on strong first-half earnings

Finance News

FDJ’ has reported first half revenue of €1,289m, up 6% compared to H1 2022 and 4% on a like-for-like basis.

Recurring EBITDA of €300m, a 23.3% margin.Net income of €181m, up 13%, driven by the strong improvement in financial income.

2023 targets: revenue growth of over 5% and of over 3% on a like-for-like basis, and a recurring EBITDA margin maintained at around 24% .Agreement to acquire Premier Lotteries Ireland, the Irish national lottery operator,another major step in the deployment of the FDJ Group’s international strategy.

Stéphane Pallez, Chairwoman and CEO of the FDJ Group, said: “FDJ recorded solid results in the first half of the year, driven by a good increase in stakes in our network of 30,000 points of sale, a sustained dynamic in digital stakes and the integration of new activities.

I am also delighted with the acquisition of Premier Lotteries Ireland, the operator of the Irish national lottery and a long-standing partner in the Euromillions community. Becoming the operator of a foreign lottery marks another major step in the FDJ Group’s international development.”

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