FDJ maintains 2023 growth with online gaming and sports despite lotto loses

Monday, February 19, 2024 7:14 PM
Photo:  Shutterstock
  • Ted Menmuir, SBC News

Groupe FDJ lauds its improved operating efficiencies to overcome a year of stagnant results in its flagship Française des Jeux (FDJ) lottery offering.

[On February 15], the Paris Euronext gambling group published its full-year 2023 accounts, declaring corporate revenues of €2.61bn [$2.81bn], up 6% on FY2022 comparative income of €2.46bn [$2.65bn].

Corporate leadership underlined new efficiencies achieved in 2023, as FDJ’s recurring EBITDA increased by 11.5% to €657m (FY2022: €590m), with earnings from business activities bolstered by an operating EBITDA margin of 25%.

The group’s improved earnings results bolstered FDJ’s net income profits to €425m, up 33% on FY2022 profits of €308m. FDJ’s lottery trading in 2023 registered a 1% growth in sales (+€21m) to €1.91bn (FY2022: €1.90bn).