02.02.2024

by Antoni Majewski

Groupe Partouche Announces Strong Annual Growth for 2022/2023

During its recent meeting on January 30, 2024, Groupe Partouche’s Supervisory Board reviewed the company’s annual performance up to October 31, 2023, revealing significant growth.

Key Financial Highlights

  • Gross Gaming Revenue (GGR) saw a 10.2% increase, reaching €701.5M, driven by slot machines, electronic traditional games in France, and online games in Switzerland.
  • Net Gaming Revenue (NGR) rose by 9.0% to €332.9M.
  • Overall turnover excluding NGR improved by 9.6%, amounting to €94.3M, leading to a consolidated turnover growth of 9.0%, totaling €423.8M.
  • EBITDA remained stable at €76.1M, accounting for 18.0% of the turnover. Excluding previous financial aids, EBITDA saw a €5.4M increase, indicating an improvement in operational performance.
  • Current Operating Income (COI) experienced an 18.3% increase, reaching €27.4M, primarily due to the casino sector’s performance.

Expenditure and Operational Insights

  • Purchases and external expenses rose by 16.9%, with significant increases in materials and advertising & marketing costs.
  • Employee expenses increased to €177.2M, reflecting wage adjustments and the end of partial activity schemes.
  • The group did not benefit from government “closure” aids this year, impacting the “Other current operating income and expenses” segment.

Strategic Developments and Future Outlook

  • The partnership with Betsson has enabled the Middelkerke casino in Belgium to offer online games, with a promising move to a prime location planned for the end of March.
  • Groupe Partouche plans to distribute dividends for the 2022/2023 financial year, details of which will be announced in the upcoming General Meeting on March 20, 2024.
  • The Group continues to invest in its sites, with significant renovations and expansions underway to enhance customer experiences.

Groupe Partouche remains committed to innovation and excellence in the gaming and entertainment sector, reflected in its robust financial performance and strategic initiatives aimed at sustaining growth and profitability.

Upcoming Events

  • Q1 turnover announcement for November 2023 to January 2024 is scheduled for March 12, 2024.
  • The General Meeting will be held on March 20, 2024.

With a strong presence in the European market, Groupe Partouche continues to lead with its forward-thinking approach and dedication to offering premier gaming and entertainment experiences.

Related posts