(Boursier.com) — The Partouche Group announces today its consolidated revenue for the 2nd quarter of fiscal year 2022 (February 2022 – April 2022).
As a preamble, let us recall that during the 2nd quarter of the previous financial year “2021” (February 2021 to April 2021), all French casinos were closed under the general measures taken by the government to deal with the Covid pandemic. -19. Abroad, the casino in Ostend (Belgium) also remained closed. The Swiss casinos of Meyrin and Crans-Montana were able to welcome their customers again from April 19, 2021, without a curfew, but while respecting health constraints. The Djerba casino (Tunisia) remained open but constrained by a curfew starting at 10 p.m. Swiss online games, deployed on November 16, 2020, and online games and betting in Belgium were active throughout the quarter.
In the 2nd quarter of the current financial year (February 2022 to April 2022), the Group’s casinos are all open, but continue to suffer from the health constraints in place which weigh on their attendance:
In France, the “vaccination pass”, introduced on January 24, 2022, remained in force until March 13, 2022 inclusive, limiting access to casinos to customers;
While attendance is thus down (-19.7%) compared to the 2nd quarter of 2019 (February 2019 to April 2019, last period excluding the Covid crisis), the average basket increased by +20.8% to 89 euros over the same period (with a French GGR down -4%). It should be noted that the drop in attendance has eased since the lifting of the vaccination pass (-13.7% between March 14 and April 30, 2022 compared to the same period in 2019).
In Switzerland, the presentation of the “vaccination pass” was lifted from February 17, 2022.
In addition, the 2nd quarter of 2022 takes into account scope effects, in particular related to:
the sale of the stake held in the Crans-Montana casino on January 31, 2022 (GGR of 3.3 ME in the 2nd quarter of 2019, the casino being closed in Q2 2020 and for most of Q2 2021),
the cessation of the operation of online games and bets in Belgium and the management of the Ostend casino since July 29, 2021 (in the 2nd quarter of 2021, the GGR in Belgium amounted to 22.8 MEUR and 11 .5 MEUR in the 2nd quarter of 2020).
Taking into account the aforementioned elements, the Gross Gaming Revenue (GGR) stood at 148.2 ME in the 2nd quarter of 2022 compared to 25.1 ME in 2021. Note in particular the ramping up of Swiss online games, including the GGR stands at 3.3 MEUR compared to 1.1 ME in the 2nd quarter of 2021. After deductions, the Net Gaming Revenue (PNJ) tripled to 70.8 ME (compared to 22 ME in N-1).
Overall, revenue for the 2nd quarter of 2022 amounted to 89.1 ME, compared to 23.6 ME in 2021 (x3.8) and 105.3 ME in 2019, down -15.4%. Off-gaming activity generated revenue of €18.7 million, compared to €1.6 million in N-1 (x11.7) and €22.2 million in 2019, due to the reopening of all Group activities.
Overall, at constant scope, revenue for the 2nd quarter of 2022 recorded a limited decline of -6.2% compared to the comparable period of 2019 pre-Covid.
At the end of April, the cumulative turnover for 6 months quadrupled and amounted to 187.2 ME, with a Net Gaming Revenue which tripled to 153.4 ME, in a dynamic climate of business development initiated since the end of the constraints linked to the vaccination pass. Overall, at constant scope, revenue for the 1st half of 2022 is down -8.5% compared to the comparable period of 2019 pre-Covid.
End of renovation works in Hyères
After a long period of work, largely disrupted by the Covid-19 pandemic, the Hyères casino reopened in its entirety on Wednesday April 15. The games room has been completely redesigned and now extends over 1,500 m(2). The outdoor terrace, equipped with slot machines and electronic roulette contributes to the comfort of players.
Upstairs, a restaurant with a hundred seats, including private spaces, has emerged. A new entrance, distinct from that of the casino, was specifically created for the adjoining performance hall.
Responsible gaming
In April 2022, the National Gaming Authority (ANJ – www.anj.fr) validated Groupe Partouche’s 2022 action plan “Prevention of excessive or pathological gambling and underage gambling”, highlighting in particular the ambition and the quality of its content, associated with the innovation of certain devices.
As a committed player in the fight against excessive gambling, the Group’s prevention policy aims to ensure that gambling remains entertainment and that our customers today are our customers tomorrow.
This quality support is an integral part of our mission. Each of our employees contributes to its success, through their involvement, through the dedicated training courses developed internally and through the many tools made available.
Impact Loan
In February, Groupe Partouche signed its very first impact loan (or sustainability-linked loan) with Arkéa Banque. The applicable interest rate is adjustable downwards (and upwards within the limit of the initial rate) according to an extra-financial score established by an extra-financial analysis and consulting agency, EthiFinance. The criteria are broken down into three themes: environment, social and governance. Groupe Partouche is firmly rooted in its CSR approach.
Upcoming meetings
First-half results: Tuesday, June 28, 2022, after market close
Financial information for the 3rd quarter: Tuesday, September 13, 2022, after market close