Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Groupe Partouche    PARP   FR0012612646

GROUPE PARTOUCHE

(PARP)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

14/06/2017 18:00 - Chiffre d'affaires du 2éme trimestre 2017 V Anglaise

06/14/2017 | 12:19pm EST
GROUPE PARTOUCHE - GGR of €309M in 1st half of 2017

Paris, 14 June 2017 - Groupe Partouche, one of the leaders in Europe for gaming, announces its turnover for the first half (November 2016 - April 2017) of financial year 2017.

Business Activity

During the first half-year of 2016-2017, GGR of Groupe Partouche amounted to € 309 M and its turnover to € 205 M, a slight decrease of the main activity indicators by respectively 2.1% and 2.3%.

Beyond a particularly high basis of reference, the Group recorded growth of + 4.7% in the first half of the previous year, HY 2016-17 is characterized by the good performance of other casino activities up by 0.8% and the entry in the scope of consolidation of € 1.1 M of the "Laurent" the Group's restaurant group in Paris. But this was also impacted by :

- the first application of IFRIC 13 related to the implementation of a national customer loyalty program as of 1 November 2016. This measure has an impact of € 1.8 M on half-year turnover;

  • the closure of Hotel 3.14 for works since 1 November 2016, which mechanically impacted the turnover by

    €0.5M;

  • and the decline in activity of the traditional games of the casino Palm Beach Cannes before its transfer to the Hotel 3.14. (GGR down by € 3.8 M)

Excluding these three items, a very slight decline in turnover would have been recorded.

The high sensitivity of the Group's operating profitability to the level of activity will be reflected in the half-yearly financial statements published on June 29, 2017.

Recent events
  • La Ciotat

    The new "Pleinair" casino of La Ciotat, an innovative establishment, has been inaugurated on June 8th, opening up the offer of entirely outdoors games on a terrace of 1,300 sqM, on which the Group has high hopes, on the eve of the coming summer season.

  • Gaming clubs inside Paris

The law of 28 February 2017 put an end to the regime of the Associative Gambling Centers in the capital to make way for Clubs operating table games. It was supplemented by the decree of May 09, 2017, specifying the conditions of experimentation in Paris for a period of three years from 1 January 2018 and especially the authorized table games.

As previously announced, Groupe Partouche carefully monitors the definition of the remaining modalities to be fixed, and essentially the conditions for direct levies, in order to decide whether to open one or more Clubs in the capital.

Upcoming event:

First-Half 2017 income: Thursday 29 June 2017, after stock market close.

Groupe Partouche was established in 1973 and has grown to become one of the market leaders in Europe in its business sector. Listed on the stock exchange, it operates casinos, hotels, restaurants, spas and golf courses. The Group operates 43 casinos and employs nearly 4,500 people. It is well known for innovating and testing the games of tomorrow, which allows it to be confident about its future, while aiming to strengthen its leading position and continue to enhance its profitability. Groupe Partouche was floated on the stock exchange in 1995, and is listed on Euronext Paris, Compartment

B. ISIN : FR0000053548 - Reuters : PARP.PA - Bloomberg : PARP:FP

FINANCIAL INFORMATION

Groupe Partouche Phone : 01.47.64.33.45 - Fax : 01.47.64.19.20

Alain Cens, Chief Financial Officer info-finance@partouche.com

BUSINESS ACTIVY IN FIGURES
  1. - First application of IFRIC 13

    IFRIC 13 relates to the recognition of credit pertaining to the loyalty programs granted to customers in connection with an initial sale transaction.

    The implementation of a national customer loyalty program as of 1 November 2016 led the Group to recognize this program in accordance with IFRIC 13.

    The impact on the turnover was -1,774 k €.

  2. - Consolidated turnover

    In €M

    2017

    2016

    Variation

    First quarter

    109,8

    112,1

    -2,0%

    Second quarter

    95,6*

    98,3

    -2,7%

    Total consolidated turnover *

    205,4*

    210,3

    -2,3%

    * following 1st application of IFRIC 13

  3. - Construction of turnover
  4. Second quarter

    In €M

    2017

    2016

    Variation

    GGR

    156,2

    158,9

    -1,7%

    Levies

    -78,9

    -80,4

    -1,8%

    Net Gaming Revenue

    77,2

    78,4

    -1,5%

    Turnover excluding NGR

    20,2

    19,8

    1,7%

    Loyalty program

    -1,8

    -

    -

    Total turnover

    95,6*

    98,3

    -2,7%

    * following 1st application of IFRIC 13

  5. In aggregate

    En M€

    2017

    2016

    Variation

    GGR

    308,9

    315,7

    -2,1%

    Levies

    -141,5

    -145,4

    -2,7%

    Net Gaming Revenue

    167,4

    170,3

    -1,7%

    Turnover excluding NGR

    39,8

    40,0

    -0,5%

    Loyalty program

    -1,8

    -

    -

    Total turnover

    205,4*

    210,3

    -2,3%

    * following 1st application of IFRIC 13

  6. - Breakdown of turnover by divisions
  7. Second quarter

    2Q

    2017

    2016

    Variation

    Casinos *

    89,6

    92,1

    -2,7%

    Hotels

    2,0

    2,4

    -16,9%

    Other

    4,1

    3,9

    7,1%

    Total consolidated turnover

    95,6*

    98,3

    -2,7%

    * following 1st application of IFRIC 13

  8. In aggregate

  9. 1st Half-Year

    2017

    2016

    Variation

    Casinos *

    195,3

    199,5

    -2,1%

    Hotels

    3,2

    3,7

    -14,1%

    Other

    6,9

    7,1

    -2,5%

    Total consolidated turnover

    205,4*

    210,3

    -2,3%

    * following 1st application of IFRIC 13

Groupe Partouche SA published this content on 14 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 June 2017 16:19:09 UTC.


© Publicnow 2017
All news about GROUPE PARTOUCHE
2020GROUPE PARTOUCHE : Impact of the pandemic on annual turnover (- 20.8 %) - A resi..
AQ
2020GROUPE PARTOUCHE : Covid-19 - Confinement and casinos closures
AQ
2020French leisure and travel stocks drop as new COVID curbs imminent
RE
2020GROUPE PARTOUCHE : Bank maturities additional postponement and administrative cl..
AQ
2020French leisure and tourism stocks hit by new Macron COVID curbs
RE
2020GROUPE PARTOUCHE : Turnover 3rd quarter 2020 (May – July): € 66 M (-37,1 %..
AQ
2020GROUPE PARTOUCHE : 3rd quarter earnings
CO
2020PIXEL COMPANYZ : French casino group Partouche to join forces with Pixel to run ..
RE
2020GROUPE PARTOUCHE : Half-year results
CO
2020GROUPE PARTOUCHE : Financial report
CO
More news
Financials
Sales 2019 433 M 528 M 528 M
Net income 2019 18,6 M 22,7 M 22,7 M
Net Debt 2019 42,4 M 51,6 M 51,6 M
P/E ratio 2019 13,3x
Yield 2019 -
Capitalization 195 M 238 M 237 M
EV / Sales 2018 0,68x
EV / Sales 2019 0,67x
Nbr of Employees -
Free-Float 14,3%
Chart GROUPE PARTOUCHE
Duration : Period :
Groupe Partouche Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GROUPE PARTOUCHE
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Managers and Directors
NameTitle
Fabrice Paire Chairman-Executive Board
Patrick Partouche Chairman-Supervisory Board
Valerie Fort Chief Financial Officer
Isidore Partouche Vice Chairman-Supervisory Board
Walter Butler Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
GROUPE PARTOUCHE1.00%238
LAS VEGAS SANDS CORP.-9.09%41 383
MGM RESORTS INTERNATIONAL-0.38%15 529
WYNN RESORTS-4.77%11 511
GENTING SINGAPORE LIMITED3.53%7 996
TABCORP HOLDINGS LIMITED7.18%7 134