La Française des Jeux has announced sales of 2,621 ME for the 2023 financial year, up 6.5% on 2022 (or +2.8% on a like-for-like basis).

At the same time, recurring EBITDA is up 11.3% to €657m (25.1% margin), with operating income up 16% to €521m.

FDJ reports net income, Group share of €425m, up 38%, bringing EPS to €2.23, versus €1.61 a year earlier.

FDJ announces a dividend of €1.78 per share (up almost 30%), implying a payout ratio of 80%.

For 2024, FDJ is targeting growth in Group sales of around +8%, with a current EBITDA margin of around 24.5%.

Lastly, FDJ announced last month that it was launching a takeover bid for Kindred. According to Stéphane Pallez, the group's CEO, this project 'would enable the creation of a European champion and significant value creation for the benefit of all stakeholders'.

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