La Française des Jeux : What to expect from the FY 2020 earnings release? (12 Feb. before market)
>Guidance for 2020 should be achieved, despite the second lockdown - FDJ is due to publish its 2020 results on 12 February before market open. Despite the second lockdown in November and the curfew, FDJ should deliver on its guidance, i.e. stakes of around € 16bn (ODDO BHF € 16.3bn and € 15.8bn for the consensus), revenue of around € 1.9bn and an EBITDA margin of 21.0% (ODDO BHF 21.0% and 20.8% for the consensus), suggesting a 40bp improvement. The favourable momentum...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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