FDJ: H1 adjusted net income up 28%
(CercleFinance.com) - FDJ has published H1 sales of E1428m, up 10.
8% y-o-y.
In detail, gross gaming revenue (GGR) for H1 2024 amounted to E3,660m, up +11.1%. After E2,304m in government levies, net gaming revenue (NGR) came to E1,356m, up +11.3%.
Profit from recurring operations was E285m (+19%), while recurring EBITDA was E370m (+23.5%), with adjusted net income up 28.3% to E235m.
In light of H1 performances, and taking into account the consolidation of the ZEturf group and PLI at end-2023, FDJ reiterates its 2024 targets of around +8% growth in total group sales, and around +5% for sales from gaming activities in France, with a current EBITDA margin of around 24.5%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
8% y-o-y.
In detail, gross gaming revenue (GGR) for H1 2024 amounted to E3,660m, up +11.1%. After E2,304m in government levies, net gaming revenue (NGR) came to E1,356m, up +11.3%.
Profit from recurring operations was E285m (+19%), while recurring EBITDA was E370m (+23.5%), with adjusted net income up 28.3% to E235m.
In light of H1 performances, and taking into account the consolidation of the ZEturf group and PLI at end-2023, FDJ reiterates its 2024 targets of around +8% growth in total group sales, and around +5% for sales from gaming activities in France, with a current EBITDA margin of around 24.5%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.