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1Q 2022 – Good Start to the Year Which Confirms the Annual Objectives, Moody’s ESG Solutions Confirms the Highest Sustainability Rating A1+ of the FDJ Group

May 1, 2022 | Financial

Strong increase in turnover (+14%)

  • Very good momentum at the point of sale (uptakes +12%), thanks to the Group’s marketing and sales initiatives and the return to normal of the environment
  • Confirmation of a solid base of digital stakes, which represent 11.4% of total stakes

Moody’s ESG Solutions A1+ rating confirmed for the 4th consecutive year, with a score of 72/100 (+2 points)

BOULOGNE, France (April 21, 2022) – La Française des Jeux (FDJ), the leading gambling and gambling operator in France, announces its turnover for the 1st quarter of 2022.

Stéphane Pallez , Chairman and CEO of the FDJ group, said: “The start of the year was marked by strong growth in all of our activities, across all sales channels. The strong growth in turnover from lottery and sports betting is thus driven both by our network of 30,000 points of sale and by solid online activity. We are also very proud of the A1+ sustainability rating awarded by Moody’s ESG Solutions to FDJ for the fourth consecutive year. This good financial and extra-financial performance confirms our strategy of sustainable and profitable growth and our outlook for 2022.”

Revenue up +14.0% in the 1st quarter of 2022

In the 1st quarter of 2022 compared to the 1st quarter of 2021, FDJ recorded revenue up +14.0%, at €613 million, on the basis of increases of +10.2%, to 5,061 million euros.

The Group recalls that in the 1st quarter of 2021, the measures taken by the French authorities to contain the Covid-19 epidemic had affected its point-of-sale activity, with nearly 10% of its network closed, mainly bars. Conversely, the digital business had recorded exceptional growth.

Activity is progressing on all channels, despite the virtual absence of a long draw cycle (high jackpot), unlike the 1 st quarter of 2021:

  • Points of sale increased by +11.5%, to 4.5 billion euros, thanks to the Group’s marketing and sales initiatives and the return to a normal environment;
  • Digital stakes stand at a high level of 575 million euros. This performance, of +1% compared to an extremely high comparison base in the 1 st quarter of 2021, shows the solidity of the Group’s online activity. Digital bets represent more than 11% of total bets.

Revenue increased for all Group activities:

Lottery revenue amounted to €467 million, up +14.0%, driven by growth in bets (+15.3%):

  • Draw stakes amount to 1.5 billion euros. Their increase of +9.5% is explained by the growth of Amigo, whose stakes now exceed their pre-crisis level. The performance of Loto and Euromillions is affected by the virtual absence of long cycles;
  • Instant games stakes reached 2.5 billion euros, up +19% with the success of the quarter’s launches and relaunches (Baraka in January, then Cash and finally “3 in 1” in March).

Turnover from sports betting amounted to 129 million euros, up +13.4%. The persistence of a low rate of return to players since the end of 2021, 74.7% in the 1st quarter of 2022, down -4.2 points compared to the 1st quarter of 2021, contributes to the decline in stakes of -5, 2%. This is mainly due to unexpected sports results, especially in football.

This good start to the year confirms the Group’s achievement of its 2022 objectives both in terms of business growth and margin rate.

 

 

Moody’s ESG rating of A1+

For the fourth consecutive year, the FDJ group has been awarded an A1+ sustainability rating by Moody’s ESG Solutions, a provider of environmental, social and governance (ESG) assessments and data. This highest-ranking sustainability rating confirms FDJ’s position among the most active companies assessed with regard to ESG criteria.

The Group ranks 15th out of nearly 5,000 global companies tracked by Moody’s ESG Solutions. Within the Hotels, Leisure and Services sector, made up of 45 international companies, which include players in gambling, FDJ is in first place in the ranking.

FDJ’s ESG score of 72/100, up +2 points compared to the previous year and +6 points compared to 2020, confirms the relevance of the Group’s CSR policy, which made it possible to obtain these good extra-financial results.

FDJ obtains 70/100 on environmental criteria, 74/100 on social criteria, and 69/100 on governance; these results are above the averages for the Hotels, Leisure and Services sector, at 32/100, 33/100, and 45/100 respectively.

General assembly

FDJ will hold its general meeting on April 26, at the Palais des Congrès in Issy-les-Moulineaux. The event will also be broadcast live on its website.

On this occasion, the Group will propose to its shareholders a dividend of 1.24 euros per share for the 2021 financial year, the payment of which will take place on May 4, 2022.

Appendices

In millions of euros Q1 2022 Q1 2021 Var.
Stakes* 5,061.1 4,591.1 +10.2%
of which Lottery 3,989.2 3,461.5 +15.3%
     Draw games 1,468.8 1,341.1 +9.5%
     Instant Games** 2,520.3 2,120.4 +19.0%
of which sports betting 1,061.3 1,120.0 -5.2%

 

In the physical network 4,483.6 4,021.4 +11.5%

 

* The stakes are the stakes of the players and do not constitute the turnover of the FDJ group

** Mainly scratch card games (in point of sale and online) 

In millions of euros Q1 2022 Q1 2021 Var.
Turnover 613.0 537.7 +14.0%
of which Lottery 466.7 409.4 +14.0%
of which sports betting 128.5 113.4 +13.4%

* The stakes are the stakes of the players and do not constitute the turnover of the FDJ group

** Mainly scratch card games (in point of sale and online) 

SOURCE: La Française des Jeux (FDJ).

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