(Photo credits: Unsplash – Dylan Nolte)
PARIS, Feb 16 (Reuters) – La Française des Jeux (FDJ) FDJ.PA on Wednesday revised upwards its financial objectives for 2025, which it had set when it was listed on the stock market in 2019, thanks to the strong acceleration of the online lottery.
The gambling operator estimates that stakes made on its digital business should represent more than 20% of its total stakes in 2025, twice their share of 2020.
The group is now targeting average annual revenue growth of between 4% and 5% over the 2021-2025 period, compared to a previous target of between 3% and 4%.
Ebitda’s margin rate should exceed 25% in 2025, while FDJ has so far aimed for a rate above 20%.
Since its privatization and initial public offering on November 21, 2019, FDJ has seen its valuation increase by nearly 60%.
The group suffered in 2020 from the COVID-19 pandemic and the associated health restrictions, but last year regained a higher level of activity than in 2019, thanks to the acceleration of digital and the growth of the network. points of sale.
(Report Blandine Hénault, edited by Marc Angrand)