FDJ: Group share of net income up 38% in 2023
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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