La Française des Jeux Société anonyme Reports Consolidated Financial Results for the Year Ended December 31, 2019; Proposes Dividend, Payable on 6 May 2020; Confirms Revenue Guidance for the Year 2019
February 13, 2020 at 01:00 am EST
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La Française des Jeux Société anonyme reported consolidated financial results for the year ended Dec. 31, 2019. For the year, the company reported total revenue of 1,955.6 million against 1,802.6 million for the same period of last year. Operating profit was 188.7 million against 256.7 million for the same period of last year. Net profit for the period was 133.0 million or 0.70 per basic share against 170.4 million or 0.89 per basic share for the same period of last year.
The company announced that the Board of Directors, at the meeting on 12 February proposed a dividend of 0.64 per share at the Annual General Meeting on 22 April 2020, to be paid on 6 May 2020.
The Group is adjusting its 2020 guidance upward, on a comparable 2019, and is accordingly: confirming the outlook of revenue growth of 5%, with increases of approximately 5% for the lottery business and 6% for sports betting.
La Française des Jeux (FDJ) is the leading gambling operator in France. The activity is organized around 2 categories of games:
- lottery games: draw games (Lotto®, Euromillions, Bingo Live, KENO Gagnant à Vie, etc.) and instant games (Millionaire, Cash, Mission Patrimoine, Morpion, Solitaire, Astro, etc.). FDJ is the 2nd European lottery and the 4th worldwide lottery;
- online betting and gaming open to competition (Sports betting, Horse race betting and Poker).
FDJ's monopoly on lotteries, as well as on sports betting in points of sale, was securized over 25 years by the Pacte law in May 2019.
The group distributes over 85 games via the 1st local network in France with over 29,000 points of sale and online.
Promoting responsible gambling is at the heart of the company's business model.
FDJ is also developing growth drivers for adjacent activities (international expertise of the group, development of new services in points of sale, etc.).
La Française des Jeux Société anonyme Reports Consolidated Financial Results for the Year Ended December 31, 2019; Proposes Dividend, Payable on 6 May 2020; Confirms Revenue Guidance for the Year 2019