FDJ reports 1 1bn in revenue for H1

In an H1 2021 trading update, French operator Groupe FDJ has revealed a 9% year-on-year increase in revenue, to €1

In an H1 2021 trading update, Gallic operator Groupe FDJ has revealed a 9% year-on-year growth inward revenue, to €1.1bn ($1.3bn).

The revenue showcases stakes of €9.2bn, an 8% development inward all activities: 4% inwards lottery, 25% inwards sports and betting, piece all statistical distribution channels had online stakes worth 12%.

EBITDA of €261m represented a security deposit of 24.1%, which was boosted by a recess of commercial expenses.

Recurring operating benefit and meshwork turn a profit was €198m and €146m respectively.

The radical also adds it is “reaffirming its commitment to responsible for(p) gaming and the bar of underage gambling, past consistently accompanying its lottery and sports betting advertisements with dedicated messages.”

The radical says its outlook for 2021 is to defend momentum and accelerate its commercial investments in the sec half of the year.

FDJ expects to book stakes worth around €18.8bn, for revenue of €2.2bn inwards 2021, with an Earnings Before Interest Taxes Depreciation and Amortization perimeter “greater than or match to 22%."

Stéphane Pallez, FDJ Chairwoman and CEO, said: “The endorse canton confirmed a retrieval inward our business sector to levels higher up those recorded before the crisis. Our stakes are increasing, both online and inwards our point-of-sale network.

“Over the half-year, we accordingly recorded an growth of nearly 9% inwards revenue compared with the same stop inward 2019. Barring new restrictions inwards response to developments inward the wellness situation, the Group expects to defend unspoiled momentum in the second half and is sure-footed in its business organisation and results prospects in accordance of rights with its responsible gaming model.”