GROUPE PARTOUCHE : 09/09/2015 - Information financière du 3éme trimestre 2015 Version anglaise
09/09/2015 | 12:05pm EST
CA_T3-2015_va
TURNOVER of the first 9 months: +2%
Paris, 9th September 2015
9 months fiscal year 2015 (on a like-for-like basis): GROSS GAMING REVENUE : +1,2% TURNOVER : +2,0%
Total GGR remained stable during the 1st quarter of the current fiscal year (May 2015 - July 2015, comments and data on a like-for-like basis, please refer to attached tables) including a growth in casinos GGR (+0.5%) and a decrease in sports betting GGR (as a result of the Mundial 2014)
The regularization of the new levies, that were previously announced, was applied over this period.
Encouraging growth is registered over the quarter in the non-gaming casinos activities (+7.2%), mainly from the restaurants, as well as in the hotels turnover (+8.0%).
The first nine months of the year under review, show a positive activity with an increase in GGR of 1.2% and in turnover of 2.0%.
The Group gross debt is reduced one more time as a result of the Garden Beach Juan-les-Pins selling price, thus reaching €198.9M end of July 2015 (compared to €212.1M end of April 2015).
Groupe Partouche will publish the turnover of the 4th quarter at 31st October 2015, on Wednesday 9th December 2015 in the evening.
Created in 1973, Groupe Partouche is a European leader in the gaming business. With 46 establishments mainly in France and 4450 employees, it registered a turnover of 410 €M for 2014, 90% of which are generated by the casinos, with a margin EBITDA approaching 17%. Totally dedicated to its business: gaming, its strategy based on innovation and attractive establishments, allows the Group to look to the future with great confidence, aiming to the strengthening of its leadership and the continuation of its operating profitability.
Listed on the Stock Exchange in 1995, Groupe Partouche shares are traded on compartment C of Euronext Paris. ISIN : FR0000053548 - Reuters : PARP.PA - Bloomberg : PARP:FP
1- Consolidated turnover (including the changes in the scope)
€M
2015
2014
Change
First quarter
109,2
111,3
-1,8%
Second quarter
97,0
96,4
0,6%
Third quarter
93,5
102,1
-8,4%
Total consolidated turnover
299,7
309,8
-3,3%
2-Activity on a like-for-like basis
Activity should be analysed taking into consideration the changes in the scope of consolidation following:
the divestment in 2014 of the casinos of Knokke, Dinant & Hauteville, and of Hilton Hotel in Lyon and Garden
Beach Hotel in Juan-les-Pins, as well as the divestment in 2015 of Chaudfontaine casino, on the one hand, the closure end of June 2015 of the casino of La Trinité sur Mer, on the other hand,
as these companies were partially accounted for in the statements of both fiscal years under review. The following
tables show the changes on a like-for-like basis.
The regulatory changes in the levies were progressively recognized during the fiscal year, positively impacting the 1st
half-year 2015 up to €1.7M. An opposite correction was applied in 3rd quarter 2015.
Over the total period, the application of the regulatory changes in the levies will have a positive impact on the NGR.
2.1 Activity on a like-for-like basis - 3rd quarter
3 quarter
3 quarter
2.2 Activity on a like-for-like basis - aggregate
€M
9 months
2015
Subtracted companies
9months
2015
Excl. Subtracted
companies
9 months
2014
Subtracted companies
9months
2014
Excl. Subtracted
companies
% Change Excl. Subtracted companies
GGR
454,1
2,8
451,2
455,5
9,8
445,7
1,2%
Levies
(219,8)
(1,0)
(218,8)
(221,0)
(3,0)
(218,0)
0,4%
NGR
234,3
1,8
232,4
234,5
6,8
227,7
2,1%
Turnover excl. NGR
65,5
1,2
64,2
75,3
12,4
63,0
1,9%
Total turnover
299,7
3,1
296,6
309,8
19,2
290,7
2,0%
3-Breakdown of turnover by division on a like-for-like basis
3.1- Breakdown of turnover by division - 3rd quarter (on a like-for -like basis)
At 31st July
€M
3rd quarter
2015
Subtracted companies
3rd quarter
2015
Excl. Subtracted companies
3rd quarter
2014
Subtracted companies
3rd quarter
2014
Excl. Subtracted companies
% Change Excl. Subtracted companies
Casinos
85,2
0,2
85,0
87,6
1,6
86,0
-1,2%
Hotels
5,3
0,2
5,1
10,6
5,9
4,7
8,0%
Interactive division
0,5
-
0,5
0,6
-
0,6
-12,8%
Other
2,5
-
2,5
3,2
-
3,2
-22,6%
Total consolidated turnover
93,5
0,4
93,0
102,1
7,5
94,5
-1,6%
3.2- Breakdown of turnover by division - aggregate (on a like-for -like basis)
At 31st July
€M
9 months
2015
Subtracted companies
9months
2015
Excl. Subtracted
companies
9 months
2014
Subtracted companies
9months
2014
Excl. Subtracted
companies
% Change Excl. Subtracted companies
Casinos
281,0
2,1
278,9
279,2
7,3
272,0
2,6%
Hotels
10,0
1,0
9,0
20,5
11,9
8,6
4,7%
Interactive division
1,3
-
1,3
2,3
-
2,3
-42,7%
Other
7,4
-
7,4
7,8
-
7,8
-5,1%
Total consolidated turnover
299,7
3,1
296,6
309,8
19,2
290,7
2,0%
This document is a free translation into English of the "Communiqué financier" published simultaneously and originally prepared in French, and has no other value than an informative one. Should there be any difference between the French and the English version, only the French-language version shall be deemed authentic and considered as expressing the exact information published by Groupe Partouche.
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