FDJ has submitted a €2.45bn offer to acquire Kindred Group, aiming to create a European gaming powerhouse. Kindred’s revenue for 2023 was £1.21bn, while FDJ’s revenue reached €2.62bn, with online gaming revenue growing by 18.8%.
FDJ saw a growth in recurring EBITDA in 2023, reaching €657m with a margin of 25.1%. Following acquisitions of ZEturf and Premier Lotteries Ireland, FDJ had a net cash surplus of €671m at the end of December.
Revenue for Q4 increased by 13.8% to €747m, with lottery revenue growing by 7.8% and competitive sports and online gaming revenue rising by 14.9%. Kindred has recommended its shareholders accept FDJ’s offer, aligning with FDJ’s strategic vision.
