La Française des Jeux : Q2 should be the low point before a gradual recovery, notably in sports betting
>Impact of the lockdown already significant in Q1, low point expected in Q2 - FDJ reported its Q1 2020 revenues yesterday, with stakes already significantly affected by the start of the lockdown at the end of March in France (-5.4% in Q1 overall, with -1.5% in lotteries and -18% in sports betting). After solid growth in stakes of +5% until mid-March, they fell -60% in the last two weeks of March across the group as a whole (with -40% in lotteries and -95% in sports be...La Francaise des Jeux is a France-based semi-public company that operates lottery and online games. The Company operates under the commercial brand name, FDJ, and provides scratch games, sports betting and draw games via a network of 35,800 points of sale (as of December 31, 2010), including LOTO points of sale, tobacconists and newsagents. The Company's scratch games include 1, 2 and 3 euros games; sports betting include the brand names, ParionsSport and ParionsWeb; and draw-based games include LOTO, Euro Millions, Rapido, Keno and others. The Company is also active in the online poker market with the website Barrierepoker.fr, which is jointly-owned with Groupe Lucien Barriere. The Company owns various subsidiaries, including Pacifique des Jeux and FDJ Developpement for the distribution in French overseas territory; Societe de Gestion de l'Echappee, which manages the Company-sponsored professional cycling team; Francaise de Motivation, Francaise d'Images, Lotsys and LVS.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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