FDJ: 9m sales up 12%

(CercleFinance.com) - La Française des Jeux (FDJ) posted sales of E2.
1bn at end-September, up 11.9% (+5.8% LFL), for gross gaming revenue (GGR) of E5.39bn over nine months, up 12.2%.

The gaming group has raised its targets for 2024, now forecasting sales growth of close to +9%, including over +5% for gaming activities in France, with a current EBITDA margin of around 25%.

FDJ adds that it has held a 91.77% stake in Kindred since 11 October, a stake that will be increased to 100% in the coming weeks, following the extension of the offer period to 18 October and the squeeze-out.

Including Kindred from 11 October, based on retained activities, reported 2024 sales growth would be around +16%, with a current EBITDA margin of around 25%.


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