FDJ sees 60% drop in stakes as result of lockdown

For the two month of lockdown, the French operator saw a reduction of €200m in revenue as a direct result, while EBITDA was impacted by €100m.

This corresponded to a drop of nearly 60% in stakes during the period.

From the beginning of the crisis, FDJ implemented mitigating actions to minimise the impact of the pandemic and save more than 10% of its annual fixed costs – €80 m in total.

Despite the drop in revenue, the operator has insisted on its financial strength with more than €800m in short-term cash available at the end of May.

In February, FDJ Chairwoman and CEO Stéphane Pallez, announced the groups projection for 2020, which forecasted a revenue increase of 5%.

Last year, FDJ generated revenue of €1.96bn for the full-year, a rise of 9% year-on-year.

This growth was halted by the pandemic, which saw stakes drop by 5% in comparison to the previous year, and total revenue fall by 1%.

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Owain Flanders

Journalist

Owain Flanders is a journalist who spent over a year with Gambling Insider, first joining as an Editorial Intern in August 2019 before progressing to Staff Writer from November 2019 to December 2020. During his tenure, he covered a wide range of developments across the global gambling and iGaming sectors, producing original news stories, in-depth features and analytical pieces for the Gambling Insider website and its bi-monthly magazine.

Owain interviewed CEOs, analysts and senior marketing executives on emerging trends, regulatory issues and commercial strategy, bringing authoritative insight to a professional B2B audience.

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