FDJ reports 14 revenue growth for Q1 2022

La Francaise des Jeux (FDJ) has published its first quarter 2022 financial results, recording €613m ($662m) in revenue

La Francaise des Jeux (FDJ) has published its 1st canton 2022 financial results, recording €613m ($662m) inward revenue.

For Q1 of the current year, FDJ saw its revenue growth by 14% on a quarter-over-quarter basis, with stakes rising by more than 10% to over €5bn.

However, the aggroup acknowledged that measures taken to curb bit the spread of Covid-19 inward the 1st billet of 2021 leads to a more favourable comparison. During the prior-year period, nearly 10% of FDJ’s network was closed, primarily bars, though this was partially countervail past digital growth.

But since then, restrictions experience been eased, contributing to the group’s sound ontogeny for Q1 2022.

Despite what FDJ called “a nigh absence of a long oscillation for haul games,” point-of-sale stakes increased past 11.5% to €4.5bn.

The aggroup attributed this to marketing and sales initiatives, as fountainhead as getting even to a to a greater extent normal operating environment. Online stakes also increased, though past a considerably to a greater extent modest 1%. All-in-all, these amounted to €575m.

Lottery revenue, meanwhile, amounted to €467m, upwardly 14%, patch sports betting revenue came to €129m for a 13.4% increase.

FDJ was also awarded the A1+ Sustainability Rating by Moody’s ESG Solutions for the 4th sequentially year.

“The bug out of the yr was marked past warm growing inwards all our byplay lines, crossways all sales channels,” said Stéphane Pallez, FDJ’s Chairwoman and CEO.

“The strong growing inwards lottery and sports betting revenue was goaded past our web of 30,000 retail outlets and solidness online activity.”

She added: “This sound financial and extra-financial performance underpins our strategy of sustainable and profitable growth, and our outlook for 2022.”