1st quarter 2024 Revenue
17 April 2024
Q1 2024 Revenue | 17 April 2024
Disclaimer
This document may contain certain forward-looking statements which are based on estimations and forecasts. By their nature, these forward-looking statements are subject to important risks and uncertainties and factors beyond our control or ability to predict, in particular those described in FDJ Registration Document which is available on the website (https://www.groupefdj.com/en/investors/financial-publications.html).
These forward-looking statements should not be considered as a guarantee of future performance, the actual results could differ materially from those expressed or implied by them. The forward-looking statements only reflect FDJ's views as of the date of this document, and FDJ does not undertake to revise or update these forward-looking statements. The forward-looking statements should be used with caution and circumspection and in no event can FDJ and its Management be held responsible for any investment or other decision based upon such statements.
The information in this document does not constitute an offer to sell or an invitation to buy shares in FDJ or an invitation or inducement to engage in any other investment activities.
Q1 2024 Revenue | 17 April 2024 | 2 |
Q1 2024: highlights
Q1 2024 revenue to €710m, up 7% and 1% on comparable basis, performance in line with internal expectations
Money games* in France revenue of €645m, up 3% despite demanding Q1 2023 comps
Other activities revenue of €65m vs. €37m in Q1 2023, reflecting PLI integration
Online games revenue up >20% to c.15% of total games revenue
Tender offer for Kindred launched February 20th for 39 weeks
Completion remains subject to regulatory authorisations and FDJ's acquisition of at least 90% of Kindred's capital
*: Lottery and Sports betting & online gaming open to competition
Q1 2024 Revenue | 17 April 2024 | 3 |
Q1 Revenue: €710m; +7.2% reported basis
662
+7.2%710
504
497
+1.4%
141 | |||||||||||
129 | +9.5% | ||||||||||
65 | |||||||||||
37 | +77.4% | ||||||||||
Q1 2023 | Q1 2024 | ||||||||||
Other activities | Sports betting & online gaming open to competition | Lottery | |||||||||
Q1 2024 Revenue | 17 April 2024 | 4 |
Lottery
Revenue: €504m, +1%
>+4% excl. Amigo
Instant games: +4%, success of portfolio animation
Ticket d'Or launched early January
Draw games: -3%, unfavourable comps
Amigo relaunch early June 2023 and fully stabilized since
Online lottery: +19% thanks to EuroDreams, instant games and online exclusives
Amigo: average monthly stakes / PoS
-24%
+2%
2022 | 2023 - post | 2024 Q1 |
relaunch |
+10pts
of online stakes vs. Euromillions & Loto
Q1 2024 Revenue | 17 April 2024 | 5 |
Sports betting and online gaming open to competition
Revenue: €141m, c.+10%
+1% excl. ZEturf
Unfavourable comps basis | Online sports betting revenue growth >25% |
Very positive impact from the world cup in Q1 2023
Reduced and less attractive football calendar vs. Q1 2023
Strong online momentum
Sports betting
Strong poker cross-sell
c.20% of online sports betting players also play poker
Q1 2024 Revenue | 17 April 2024 | 6 |
Kindred: tender offer launched February 20th for 39 weeks
February 20th: tender offer launched for 39 weeks
Completion remains subject to regulatory authorisations and FDJ's acquisition of at least 90% of Kindred's capital
March 15th: approval of the amendment to Kindred's bylaws to allow a squeeze-out above a 90% capital ownership threshold
March 28th: FDJ has acquired 1.12% of
Kindred's outstanding shares from Veralda at 122.5 SEK per share
Irrevocable agreement from five Kindred shareholders*, representing 26.82% of the capital, to tender their shares
*: Corvex Management LP, Premier Investissement SAS, Eminence Capital, Nordea and Veralda
Q1 2024 Revenue | 17 April 2024 | 7 |
2024 upcoming communications
General meeting of shareholders
25 April, at 2.30pm CET
Dividend of €1.78 per share with payment on 7 May
H1 results
25 July, after trading hours
Q3 revenue
17 October, after trading hours
Q1 2024 Revenue | 17 April 2024 | 8 |
Q&A
Q1 2024 Revenue | 17 April 2024 | 9 |
Thank you
Q1 2024 Revenue | 17 April 2024 | 10 |
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La Française des Jeux SA published this content on 17 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 April 2024 16:07:02 UTC.