Solid development of the FDJ Group: Q3 sales increase by 12%, annual sales are expected to increase by more than 8%

  • turnover 3e Quarter up 12% to €592 million

    • The lottery continues to develop well, with sales up by +14% to €478 million, which benefited in particular from a large number of high Euromillions jackpots[1]
    • Stable sports betting turnover of EUR 97 million ahead of the FIFA World Cup at the end of the year
    • Good sales trend maintained (+6%) and continued strong growth in online sales (+35%), representing 13% of total sales
  • Nine-month sales up 12% to €1,805 million at the end of September
  • For 2022, expected revenue growth of more than 8% with an EBITDA margin of around 24%, an improvement on forecasts at the beginning of the year

Boulogne, October 13, 2022 (5:45 p.m.) – La Française des Jeux (FDJ), the leading operator of money and gambling games in France, reports its turnover for the 3rd quarter of 2019e quarter and its outlook for 2022.

Stéphane Pallez, Chairman and CEO of the FDJ Group said: “The good momentum that the Group recorded at the beginning of the year continued in the third quarter. We are particularly pleased to see a return to a good trend in our Point of Sale activity with a +6% increase in quarterly engagements. Our digital activities, meanwhile, continue to attract a growing number of players, now numbering almost five million. The good performance expected for the full year reflects the relevance of our strategy, which relies on these two distribution channels, and reaffirms our model of responsible long-term growth. »

At 3e Quarter 2022, revenue growth of +12% to €592 million, based on increases of +9%

  • In the lottery, the increase in turnover (+14% to 478 million euros) was driven by stakes (+11%) with:

    • Draw stakes up +17% to €1,629 million, benefiting from a much larger number of big Euromillions jackpots.
    • Instant game stakes up +7% to €2,379 million on the success of game portfolio activity, particularly launches and relaunches such as cash earlier in the year, X10 and X20 games at the end of June and the 5the Edition of the Mission Patrimoine game at the end of August.
  • In sports betting, the stability of turnover (€97 million) and stakes is due to a high basis of comparison for 2021 with the semi-finals and final of the UEFA Euro 2020 in July. The 9% increase in stakes in August and September reflects the good momentum fueled by sports news.
  • Bids have increased across all sales channels:

    • +6% at point of sale to €4,302 million, reflecting the network’s return to normal and the games’ good momentum.
    • +35% online to €643 million or 13% of total stakes, with growth fueled by both activities, the number of online lottery players continues to grow strongly.
  • The result from other activities increased by €3 million to €18 million.

Total sales increase of +12% as of the end of September,
at 1,805 million euros, with increases of +9%

  • In the case of the lottery, the increase in turnover (+16% to EUR 1,424 million) corresponds to the increase in turnover (+15%).
  • For sports betting, the difference between the change in turnover (-3%,
    at €329m) and stakes (-8%) reflect the low player return rates at the beginning of the year, a situation that could change with the FIFA World Cup at the end of the year.
  • The result from other activities amounted to €52 million (+€7 million).

Outlook 2022 improved compared to forecasts at the beginning of the year

The performance at the end of September was better than the group’s forecasts, especially after a first half of results were reinforced by a basis of comparison affected by the health crisis at 1ah Semester 2021.

The Group’s business will benefit from the FIFA World Cup in
4e trimester ; Given a key baseline for the lottery in late 2021 with several weeks of high draw jackpots, FDJ forecasts revenue of 2n / A Semester plus 6%.

Thus, the FDJ now calculates for the year as a whole:

    • An increase in sales of more than 8%;
    • An EBITDA margin of around 24%.

As a reminder: The FDJ Group initially forecast an increase in annual sales of almost +5% for 2022 with an EBITDA margin of over 23.5%.

Financial communication of the next group

  • FDJ will host an investor day on Thursday, November 17, 2022 on its medium-term financial and extra-financial strategy and goals.
  • FDJ will release its 2022 results on Wednesday, February 15, 2023 before the market opens.

Annex

In €m

09/30/2022

09/30/2021

Var° 09.2022 versus 09.2021

Calls*

14,991

13,695

+9.5%

Of which lottery

12,023

10,480

+14.7%

Instant lottery games**

7.306

6,499

+12.4%

draw games

4,718

3,982

+18.5%

Of which sports betting

2,949

3.189

-7.5%

Placements in the physical network

13,172

12.141

+8.5%

* The stakes are the stakes of the players and do not represent the turnover of the FDJ group

** Mainly scratch cards (in stores and online)

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