La Française des Jeux : Q3 2020 revenue in line, EBITDA margin improvement expected in 2020
>Stakes and Q3 revenue in line with our expectations - FDJ reported solid Q3 2020 revenues, in line with our expectations and reflecting the recovery in activity in the quarter. Stakes amounted to € 4,379m (ODDO BHF estimate € 4,395m), up 6.3%, with a very strong acceleration of +27% in sports betting reflecting the resumption of sporting competitions from the end of June and slight growth in lotteries despite a challenging base of comparison due to long cycles in Q3 ...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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