Report
Johanna Jourdain ...
  • Matthias Desmarais

La Française des Jeux : Solide publication 2020 avec une nouvelle bonne surprise sur la marge, probablement pas totalement reconductible en 2021

>Pas encore de guidance 2021 mais de premières indications sur la marge - Compte du contexte pandémique qui maintient un niveau élevé d’incertitudes, FDJ n’a pas donné de guidance pour 2021 à ce stade. Néanmoins, lors du conference call, le groupe a donné de premières indications notamment sur la marge d’EBITDA. Ainsi, nous comprenons que la marge 2021 devrait être supérieure à celle de 2019 (20.6%) mais inférieure à celle de 2020 (22.2%), qui ne peut être considérée ...
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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