FDJ Reports €2.26 Billion in Earnings for 2021, Up 17.5% From 2020
The French lottery operator, Française des Jeux (FDJ), announced earnings of €2.26 billion (£1.9 billion/$2.57 billion) in 2021, a rise of 17.5% compared to 2020.
This earnings figure also signifies a 10.1% increase compared to the total revenue in 2019 (before the COVID-19 pandemic).
Lottery activities contributed €1.73 billion to total revenue, up from €1.5 billion in 2020. Meanwhile, sports wagering revenue reached €464 million, a 24.7% increase from the previous year.
Total customer wagers for the year amounted to €18.98 billion, a 10.8% increase from 2020. Lottery game wagers totaled €14.73 billion – €8.98 billion for instant lotteries and €5.74 billion for draw games – while sports wagering stakes reached €4.22 billion.
Marketing and communication expenses for the year were €414.7 million. General and administrative expenses totaled €199.4 million, while other expenditures amounted to €16.3 million.
Operating earnings for the year were €391.8 million, up from €292.7 million in 2020. Financial debt and other costs totaled €7.1 million, while shares in other financial instruments and net profit from joint ventures added another €32 million in revenue.
Therefore, pre-tax profit reached €416.6 million. After accounting for €122.5 million in income tax, net profit for 2021 was €2.942 billion – a 37.7% increase compared to 2020.
The French gaming enterprise FDJ unveiled its 2021 financial report, revealing that its earnings before interest, taxes, depreciation, and amortization (EBITDA) reached €522 million, a 22% surge from the preceding year.
FDJ Group’s Chairman and CEO, Stéphane Pallez, declared that 2021 marked the comeback of all FDJ operations to their pre-pandemic growth trajectory. Due to accelerated digitization and expansion of its sales network, the group’s performance in 2021 significantly surpassed that of 2019.
“These outcomes demonstrate the effectiveness of our plan and have prompted us to elevate the 2025 objectives announced by the group at its initial public offering, encompassing growth and EBITDA profitability.”
“Simultaneously, we continue to fulfill our societal responsibilities, which have been considerably strengthened since the onset of the pandemic. FDJ will persist in combining financial performance with non-financial commitments to benefit all stakeholders.”
In 2021, FDJ inked a partnership agreement with retail and e-commerce investment firm Plug and Play Retail and consented to sponsor the Tour de France Femmes avec Zwift.
The company is also being scrutinized by the European Commission for potentially violating EU law with its privatization actions.
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