La Française des Jeux : Roadshow feedback (CEO + CFO): H1 impacted by unexpected impacts; outcome of EC investigation closer
>Sound underlying growth in H1, but impacted by unexpected factors - Sound underlying growth in H1 was impacted by relatively unexpected factors. On the basis of its results, the group says that it will not be possible to fully make up for the growth gap observed to date (mainly due to the weakness of long lottery cycles), which is why FDJ has decided to revise down its 2023 revenue growth guidance and is now guiding on growth > 5% as reported (> 3% on a like-for-like...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.
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