Fdj: Good start to the year, but the title is losing ground


(CercleFinance.com) – La Française des Jeux announced last night that its start to the year had been marked by strong growth in all of its activities, lottery and sports betting in the lead, a phenomenon that has manifested itself on all its sales channels.

Over the first three months of the year, FDJ said it recorded a turnover up 14% to 613 million euros, on the basis of an increase in stakes of 10.2%, to 5.06 Billions of Euro’s.

In a press release, the French gambling leader recalls that the measures taken by the French authorities to stem the Covid-19 epidemic had affected its point-of-sale activity in the first quarter of 2021, with nearly 10% of its closed network, mainly bars.

In detail, lottery turnover increased by 14% over the past quarter, driven in particular by instant game stakes, which rose by 19% thanks to launches or relaunch such as ‘Baraka’, ‘Cash’ or ‘3 in 1’.

In sports betting, turnover increased by 13.4%.

The group believes that this good start to the year confirms it in achieving its 2022 objectives, both in terms of business growth and margin rate.

Following this publication, the FDJ share fell by more than 3.7% on Friday on the Paris Stock Exchange.

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