Successful Acquisition of Kindred
FDJ United announced the successful acquisition of Kindred, with more than 90% control by October 2024, leading to a diversified and balanced group.
Record Revenue Growth
The group's turnover reached €3,065 million, marking a 17% increase. Excluding Kindred, the increase was 10%, and 8% for gaming activities in France.
Strong EBITDA Performance
Recurring EBITDA rose to €792 million, up 21%, with a margin of 25.8%.
High Cash Conversion
Current EBITDA-to-cash conversion was above 80%, specifically at 85%.
Positive Integration Outcomes
The integration of Kindred is well underway, with identified synergies and cost optimizations expected to generate an additional €50 million.
Sustainable Commitments
FDJ United continued investing in responsible gaming and sustainable commitments, with more than 10% of advertising budget devoted to responsible gaming.
ESG Leadership
FDJ United maintained top ratings in ESG from major agencies, highlighting its commitment to sustainability.
Omni-channel Strategy Launch
Introduction of 'FDJ & Moi,' a strategic project to create an omni-channel account enabling play both online and at points of sale.