Report
Johanna Jourdain ...
  • Matthias Desmarais

La Française des Jeux : Feedback from roadshow (France / UK / US): confident tone ahead of Q4, but EC probe proceedings limits visibility over the next few months

>In the short term: questions around trading in Q4 and the H2 margin… - During the roadshow that we organised with FDJ (Pascal CHAFFARD, executive VP, finance and strategy and Marc WILLAUME, HIR), a number of questions relating to the short term came up, including the Q4 outlook. FDJ confirmed it expects growth in stakes in the lottery, underpinned by Amigo which will benefit from a very easy comparison base (several weeks of bar closures in Q4 2020) and by the launch...
Underlying
La Francaise des Jeux SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Johanna Jourdain

Matthias Desmarais

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