on FDJ (EPA:FDJ)
FDJ: Solid 2024 Results, Predictable Tax Impacts in 2025
La Française des Jeux (FDJ) has unveiled its financial results for 2024, marked by a strong increase in turnover, reaching 3,065 million euros, up 17%. This result includes the partial integration of Kindred. Current EBITDA increased by 21%, reaching 792 million euros, with a margin of 25.8%.
However, the outlook for 2025 is less favourable due to the increase in gambling taxes in France. The texts under discussion in Parliament provide for an increase in levies, negatively impacting FDJ's turnover and EBITDA by around €45 million for 2025. In response, the group is implementing an action plan to offset these effects by 2027.
R. E.
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