Regarding the 2024 results, Stéphane Pallez, the CEO and chair of FDJ UNITED, praised the impressive performance.
Strong 2024 results were highlighted in the most recent financial report released by La Française des Jeux (FDJ), the company that runs the national lotteries in France and Ireland. The business also revealed a new identity, changing its name to FDJ UNITED.
FDJ Closes 2024 on a High Note
FDJ UNITED claims that one of the main sources of its revenue was the purchase of Kindred. Consequently, the business made EUR 3.06 billion ($3.31 billion) in sales for the year, a 17% increase from the previous year. Additionally, the business reported recurring EBITDA of EUR 792 million ($857 million), a 21% year-over-year increase. During that time, the EBITDA margin was 25.8%.
Pro forma, FDJ UNITED’s revenue was EUR 3.8 billion ($4.1 billion), with a 25.5% margin on recurring EBITDA of EUR 964 million ($1 billion).
As anticipated, Kindred, which FDJ purchased on October 11, performed well. The division reported EUR 224 million ($242 million) in recurring EBITDA and EUR 918 million ($993 million) in revenue.
The net financial debt of FDJ UNITED was EUR 1.8 billion (about $2 billion) as of December 31.
A net profit of EUR 399 million ($432 million) and an adjusted net profit of EUR 490 million ($530 million) were highlighted by FDJ UNITED. As a result, it announced that at the next shareholders’ meeting, it would suggest a dividend of EUR 2.05 ($2.22).
FDJ UNITED released a positive 2025 prognosis, stating that it anticipates revenue of about EUR 3.8 billion ($4.1 billion), with a recurring EBITDA margin of more than 24%, as a result of the strong FY 2024 results.
2024 Was a Significant Year for the Company
FDJ experienced major changes in 2024, much like a lot of other gaming companies. The purchase of Kindred, which solidified the French operator’s position as a European leader, was the most noteworthy of these. On February 20, the offer was made, valuing Kindred’s share capital at around EUR 2.5 billion.
Furthermore, the European Commission came to the conclusion that FDJ’s privatization did not involve any governmental assistance. This demonstrated how strong the legal structure was when the business was sold.
The cancellation of 5,730,000 shares after the Court of Cassation’s decision in favor of FDJ was another step. There were 185,270,000 shares in total, which was about 3% of the company’s total share capital.
Meanwhile, Moody’s Analytics maintained its FDJ rating of 71/100. As a result, the firm continues to hold the top spot among businesses in the hotel, leisure goods, and services industry.
FDJ United carried on with its responsible gaming programs in 2024, encouraging its patrons to play in a safer manner. The business also reaffirmed its support for French sports and continued to contribute to the preservation of French culture.
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Pallez, the CEO, is pleased with the performance.
The CEO and chair of FDJ UNITED, Stéphane Pallez, praised the impressive performance in her remarks about the 2024 results. She cited the 2024 acquisition of Kindred and the 2023 merger of Premier Lotteries Ireland and ZEturf as key commercial drivers that will usher in a new era for the organization.
As the market leader in betting and gaming in Europe, FDJ UNITED has a strong foundation on which to build value for all of its stakeholders, consistent with its performance-and-responsibility-based business model.
In other news, FDJ has reorganized its business units and management staff.
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