FDJ: net income group share up 38% in 2023

(CercleFinance.com) - La Française des Jeux has announced sales of E2,621m for 2023, up 6.
5% on 2022 (or +2.8% LFL).

Meanwhile, recurring EBITDA rose 11.3% to E657m (25.1% margin), with operating income up 16% to E521m.

FDJ reports net income, group share of E425m, up 38%, bringing EPS to E2.23, versus E1.61 a year earlier.

FDJ announces a dividend of E1.78 per share (up almost 30%), implying a payout ratio of 80%.

For 2024, FDJ is targeting around +8% growth in group sales, with a current EBITDA margin of around 24.5%.

Lastly, last month FDJ announced that it was launching a takeover bid for Kindred. According to Stéphane Pallez, the group's CEO, this project would enable the creation of a European champion and significant value creation for the benefit of all stakeholders.


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