La Française des Jeux reports 9% revenue rise for 2022
La Française des Jeux (FDJ) has reported a revenue rise of 9% to €2.46bn ($2.64bn) for 2022.
After a H1 period that benefited from post-Covid recovery, revenue climbed 6% for the second half of the year.
Recurring EBITDA rose by 13% to €590m because of point-of-sale business expansion and a quickening of digital expansion. A 90 basis point increase brought the annualised EBITDA to revenue ratio to 24%.
Stéphane Pallez, Chairwoman and CEO of FDJ Group, said: “FDJ recorded very strong results for the year, marked by an increase in all our business activities, supported by significant growth in our 30,000 points of sale and sustained momentum online.
“This good performance benefits all our stakeholders, in particular our employees, our retailers and our shareholders.”
The company’s revenue from the lottery division increased by 11% to €1,92bn. Revenue from online gaming and sports betting was €467m, an increase of 1%.
Stakes grew by 8% across the network to €18.1bn. This was driven by heavy traffic, which reflected users’ ties to the neighbourhood network and FDJ’s game selection.
With stakes of over €700m in Q4 2022, up 14% from the same period in 2021, the group’s digital business alone achieved a new record for Q4.
At the end of September and throughout the FIFA Football World Cup, FDJ’s overall market share in online sports betting grew.
FDJ Group received an A1+ rating from Moody’s ESG Solutions in 2022 with a score of 72/100, an increase of 2 points from the previous year.
The company expects its sales to increase by 4-5% and its recurring EBITDA margin to remain at 24% in 2023.
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