La Française des Jeux : A good end to 2023, encouraging on momentum in 2024
>A solid end to 2023, positive surprise on EPS and the dividend - FDJ has reported robust 2023 results, pre-published for sales and EBITDA but above forecasts for net profit, which benefited from financial income (placement of the cash position) that beat expectations and a dividend of € 1.78 per share, 8% above estimates.Guidance for 2024, in line with forecasts but cautious in our view - For 2024, FDJ is targeting sales growth of 8%, of which +5% in...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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