FL Entertainment : Slight growth in Q1 2023 due to a difficult comparison base
>Slight growth in Q1 and operating margin improvement - FL Entertainment’s Q1 2023 results, reported yesterday, fell slightly short of our expectations. But comparison with Q1 2022 is hampered by the fact that we did not have data for the year-earlier quarter. The group posted organic growth of 1% in Q1 (vs +2.5% expected) with a very solid performance from the betting/gaming segment. Banijay showed a decline due to less favourable seasonality in the quarter. The grou...
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