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June 18, 2020

General Meeting : Confirmation of lockdown impact and progressive resumption of activity

#Financial

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Boulogne-Billancourt (France), 18 June 2020 (7.00 a.m.) – La Française des Jeux (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.

Press Contact

Phone

+33 1 41 10 33 82

This number is for the press only.

 

Email

For non-urgent requests:
servicedepresse@lfdj.com

 

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