FDJ: adjusted net income up 13.1% at E490.1m in 2024

(CercleFinance.com) - The group announces sales of E3,065m in 2024, up +16.
9% and +9.5% excluding Kindred.

Including Kindred from 11 October, FDJ United recorded gross gaming revenue (GGR = bets - player winnings) of E7,647.0m (+14.0%).

Recurring EBITDA came to E792m, up +21%, giving a margin of 25.8%. The Group's operating income recurring (OIR) thus came to E567.7m, up +6.8%.

Net income came to E398.9m, compared with E425.1m in 2023. Adjusted net income was E490.1m, up +13.1%.

This year, FDJ United is targeting sales of around E3.8bn, with a current EBITDA margin of over 24%.

The group has confirmed its 2025 financial targets. Over the next few years, it is aiming for a current EBITDA-to-cash conversion rate in excess of 80%, a CAPEX level of between 4% and 5% of sales, and financial flexibility with a gearing ratio (net financial debt/current EBITDA) of less than x2.


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