La Française des Jeux : Market sanction despite solid 2022 release and favourable 2023 outlook
>Solid FY 2022 figures but disappointment on dividend pressuring the stock - Before trading yesterday, FDJ reported good FY 2022 results, broadly in line with expectations. But the stock came under quite severe pressure (-5.4% at the close), probably due to the disappointment over the dividend (€ 1.37 per share, 4% short of expectations), despite having a profile that is generally appreciated for its yield, but also following the disappointment over growth in digital ...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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