FDJ’s FY2023 revenue up 6.5% as Kindred bid confirmed

FDJ’s FY2023 revenue up 6.5% as Kindred bid confirmed

Article brief provided by iGaming Business
  • Marese O'Hagan, iGaming Business
January 22, 2024 7:43 PM

In its full-year 2023 trading update, La Française des Jeux (FDJ) reported a 6.5% rise in revenue for the 12 months to 31 December.

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The trading update comes as the lottery and gaming company confirmed it had submitted a SEK27.96bn ($2.67bn) offer to acquire Kindred Group. The news was reported by The Wall Street Journal over the weekend.

FDJ said it aimed to build a “European gaming champion” with the acquisition, while Kindred CEO Nils Andén said FDJ would help Kindred to “further expand its global footprint”. Kindred’s preliminary 2023 results – which were also released today (22 January) – saw revenue of £1.21bn for full-year 2023.

Looking at FDJ’s trading update, revenue totaled at €2.62bn [$2.85bn] for 2023.