2020 growth expected for FDJ after 9% revenue increase for 2019
Française des Jeux (FDJ) has announced a revenue increase of 9% year-on-year for 2019, to €1.96bn ($2.12bn).
Bets wagered also increased 9% to €17.24bn, while EBITDA rose 9% to €346m. However, net profit of €133m was down 22% on 2018’s results.
Projections for 2020 indicate further growth, with the operator targeting a revenue increase of 5% and a rise in stakes of more than 5%, while EBITDA margin should be maintained above 20%.
FDJ attributed a projected rise in revenue to a busy 2020, which sees Uefa Euro 2020 take place and a new format for the Euromillions to be implemented.
FDJ Chairwoman and CEO Stéphane Pallez, said: “2019 will be remembered as a landmark year for Française des Jeux with the great success of its initial public offering to numerous institutional investors, individual shareholders and Group employees.
“These results allow us to adjust our 2020 outlook upwards and to look forward with renewed confidence to the deployment of our sustainable growth strategy, in line with our commitments to CSR and responsible gaming.”
The annual results also saw FDJ contribute €5.7bn to French GDP in 2019, with Loto successfully re-launched at the end of the year.
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