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    FDJ   FR0013451333


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FDJ: General Meeting: Confirmation of Lockdown Impact and Progressive Resumption of Activity

06/18/2020 | 01:01am EST

Regulatory News:

La Française des Jeux (FDJ) (Paris:FDJ), France’s leading gaming operator, will issue an update on its activity and the impact of the Covid-19 crisis at its General Meeting to be held behind closed doors at 3:00 p.m. today.

At this time, FDJ confirms:

  • For the two months of lockdown in France, a total impact of close to €200 million on revenue and €100 million on EBITDA, corresponding to a drop of nearly 60% in stakes over the period;
  • The implementation, from the start of the crisis, of the Group’s action plan aimed at saving more than €80 million, or more than 10% of its annual fixed costs, over the 2020 financial year as a whole;
  • Its financial strength, with more than 800 million euros in short-term cash available at the end of May.

After lockdown, a gradual resumption of activity, notably with:

  • Nearly all FDJ points of sale open to date;
  • The resumption of sporting competitions, including most of the national football championships in Europe by the end of June. Matches are to resume in France and international championships in August; NBA competitions will start again late July;
  • A resumption of the marketing of the Amigo game since 8 June across its entire network.

FDJ’s Combined General Meeting (ordinary and extraordinary) will be broadcast live on the company’s website (www.groupefdj.com – “Individual shareholders”/”General Meetings” section).

The Group’s next financial communication

Given the changing nature of the situation, the estimates and forward-looking statement presented by FDJ cannot constitute either a forecast or a target. The Group is to report its half-yearly results on 29 July after the close of trading and will issue its new 2020 outlook as soon as possible.

About La Française des Jeux (FDJ Group)

France’s national lottery and leading gaming operator, the #2 lottery in Europe and #4 worldwide, FDJ offers secure, enjoyable and responsible gaming to the general public in the form of lottery games (draws and instant games) and sports betting (ParionsSport), available from physical outlets and online. FDJ’s performance is driven by a portfolio of iconic and recent brands, the #1 local sales network in France, a growing market, recurring investment and a strategy of innovation to make its offering and distribution more attractive with an enhanced gaming experience.

FDJ Group is listed on the Euronext Paris regulated market (Compartment A – FDJ.PA) and is included in the SBF 120 and STOXX Europe 600 indices.

For further information, www.groupefdj.com.

© Business Wire 2020
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Analyst Recommendations on LA FRANÇAISE DES JEUX
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Sales 2021 2 214 M 2 491 M 2 491 M
Net income 2021 274 M 308 M 308 M
Net cash 2021 704 M 792 M 792 M
P/E ratio 2021 27,8x
Yield 2021 2,87%
Capitalization 7 535 M 8 470 M 8 476 M
EV / Sales 2021 3,08x
EV / Sales 2022 2,86x
Nbr of Employees 2 687
Free-Float 47,8%
Duration : Period :
La Française des Jeux Technical Analysis Chart | FDJ | FR0013451333 | MarketScreener
Technical analysis trends LA FRANÇAISE DES JEUX
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 12
Last Close Price 39,45 €
Average target price 45,54 €
Spread / Average Target 15,4%
EPS Revisions
Managers and Directors
Stéphane Pallez Chairman & Chief Executive Officer
Pascal Chaffard Executive VP-Finance, Performance & Strategy
Xavier Etienne Executive VP-Technology & International
Yovan Obrenovitch Director-Information Systems
Xavier Rene Louise Girre Independent Director
Sector and Competitors