Date: 11.01.2024

by Antoni Majewski

La Française des Jeux Reports Solid Liquidity Contract Performance for Second Half of 2023

La Française des Jeux (FDJ), France’s leading gambling and lottery operator, has released its semi-annual liquidity contract report, revealing substantial trading activity and robust liquidity for the second half of 2023.

Overview of FDJ’s Liquidity Contract Performance

As of December 31, 2023, under the liquidity contract with Exane BNP Paribas, La Française des Jeux (FDJ) reported considerable assets on its liquidity account. This includes 95,810 FDJ shares and €3,412,037 in cash. The second half of 2023 saw active trading, with 321,864 shares purchased for a total of €10,561,143 over 2,522 transactions, and 295,512 shares sold for €9,712,545 across 2,666 transactions.

Comparing the second half of 2023 with the first half, there was a noticeable shift in trading volumes and liquidity assets. As of June 30, 2023, the liquidity account held 73,749 FDJ shares and €4,041,795 in cash. The first half of 2023 witnessed the purchase of 388,403 shares for €14,662,787 (3,047 transactions) and the sale of 352,263 shares for €13,380,714 (3,131 transactions).

Historical Perspective on FDJ’s Liquidity Management

Reflecting on the liquidity contract’s history, significant changes are evident since its implementation. On July 1, 2021, following the AMF decision n°2021-01 of June 22, 2021, the liquidity account had 8,050 FDJ shares and €6,376,358 in cash. This marked a considerable transformation from December 23, 2019, when the interventions began with €3,000,000 on the liquidity account.

Conclusion: FDJ’s Strategic Financial Management

La Française des Jeux’s latest liquidity contract report indicates a strategic approach to financial management and trading activities. The dynamic changes in their liquidity account, from 2019 to 2023, reflect FDJ’s adaptability and proactive financial strategies in the evolving market.

The substantial trading volume and maintained liquidity demonstrate FDJ’s commitment to ensuring robust financial health and investor confidence. As FDJ continues to navigate the complexities of the financial markets, its liquidity contract performance serves as a key indicator of the company’s stability and growth potential in the competitive gambling and lottery sector.