La Française des Jeux : What to expect from the H1 2024 earnings release? (25 July)
>Positive operational momentum anticipated in H1 - FDJ is due to publish H1 2024 results on 25 July after market close. We forecast revenue growth of 7.5% in H1, to € 1,388m, i.e. 2% above the VA consensus at € 1,364m. Our estimate implies revenue growth of 7.7% in Q2, i.e. a slight acceleration after 7.3% in Q1, buoyed by the integration of recent acquisitions including Premier Lottery Ireland as well as by the favourable momentum on sports betting and the lottery ac...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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