FDJ reports 14 revenue growth for Q1 2022

La Francaise des Jeux (FDJ) has published its first quarter 2022 financial results, recording €613m ($662m) in revenue

La Francaise des Jeux (FDJ) has published its foremost quarter 2022 financial results, recording €613m ($662m) in revenue.

For Q1 of the stream year, FDJ saw its revenue growth by 14% on a quarter-over-quarter basis, with stakes rising by to a greater extent than 10% to o'er €5bn.

However, the radical acknowledged that measures taken to curbing the spread head of Covid-19 in the first-class honours degree quarter of 2021 leads to a to a greater extent favourable comparison. During the prior-year period, nearly 10% of FDJ’s electronic network was closed, in the first place bars, though this was partly offset past digital growth.

But since then, restrictions hold been eased, contributing to the group’s sound growing for Q1 2022.

Despite what FDJ called “a nigh absence seizure of a long rhythm for standoff games,” point-of-sale stakes increased by 11.5% to €4.5bn.

The aggroup attributed this to marketing and sales initiatives, as good as yield to a more normal operating environment. Online stakes also increased, though past a considerably to a greater extent small 1%. All-in-all, these amounted to €575m.

Lottery revenue, meanwhile, amounted to €467m, upward 14%, spell sports betting revenue came to €129m for a 13.4% increase.

FDJ was also awarded the A1+ Sustainability Rating past Moody’s ESG Solutions for the fourth sequent year.

“The bug out of the yr was marked by strong development inward all our business concern lines, crosswise all sales channels,” said Stéphane Pallez, FDJ’s Chairwoman and CEO.

“The strong maturation inwards lottery and sports betting revenue was goaded past our web of 30,000 retail outlets and solid online activity.”

She added: “This just financial and extra-financial execution underpins our strategy of sustainable and profitable growth, and our outlook for 2022.”