The French gaming company FDJ has reported a 9% increase in revenues during 2019, with even more growth expected for 2020.
France.- Française des Jeux (FDJ) has released its full financial results from 2019, a year in which the French operator registered a 9% increase in revenues to €1.96 billion when compared to the previous year.
Total wagers rose 9% to €17.2 billion and EBITDA also increased 9% to €346 million. Net profit, however, registered a 22% setback when compared to the same period the previous year to €133 million.
FDJ also set its projections for this year: the French operator is expecting a revenue rise of 5%, as well as a 5% increase in stakes. EBITDA margin is expected to be maintained above the 20% mark. These increases are projected due to a busy 2020 with the UEFA Euro 2020 and a new Euromillions format.
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. 2019 was also characterised by very strong growth in all our businesses, across all sales channels, both physical and digital, and the Group’s excellent operating and financial performances.
“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.”