In its 2023 report, FDJ highlighted solid revenue growth driven by momentum in its sports betting and online gaming sectors. Net gaming revenue increased by 18.8%, reaching almost 13% of the group’s total NGR. The company’s net profit soared by 38% to €425m, with recurring operating income rising by 15.8% to €532m. Despite a 6.5% revenue increase, FDJ’s performance fell behind the 9.1% reported in the previous year.
FDJ’s proposed acquisition of Kindred Group for SEK27.96bn aims to create a European gaming champion and drive value creation. The company is committed to responsible growth, with a focus on recreational gaming and societal commitments. The acquisition is seen as a strategic move towards becoming a top-tier European operator.
Analysts project an 8% revenue growth for FDJ in 2024, fueled by sporting events like the Paris Olympics and UEFA European Championships. The company aims for 5% revenue growth in lottery, sports betting, and online gaming sectors open to competition, as well as contributions from international, payment, and services activities.
