FL Entertainment : Q3 growth above our forecasts, but 2023 EBITDA a shade lower than expected
>Q3 2023 earnings slightly short of our estimates in terms of EBITDA - FL Entertainment reported yesterday its Q3 2023 earnings, a shade below our forecast, with 9M EBITDA at € 473m vs € 485m expected. The group reported organic growth of 6.6% in Q3 (vs +2.5% expected) driven by the sports betting activity (+17.3%). Over 9M, growth came to +7.5%. At the conference call, the group slightly lowered its EBITDA forecasts for 2023, due notably to the conflict in the Middle...
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