SBC News Voice of the Sports Betting Industry
High-flying Française des Jeux (FDJ) has confirmed that it has indexed as a Bourses Françaises’ SBF-120 enterprise, having recently published its first corporate results as a Paris Euronext company.
Having declared ‘record lottery sales’ of €17bn across it expanded French retail network, leading to group revenues breaking the €2bn mark and corporate earnings of EBITDA €350m, Paris’ Bourses Committee recognised FDJ as a market-leading stock on its indices.
FDJ will secure its official SBF-120 accreditation on March 20, completing one Paris Exchange’s fastest ever top indices, and will join a cast of notable French businesses including Airbus, AXA, Credit Agricole, Eutelsat and Hermes.
“Less than four months after the Group’s initial public offering, joining these benchmark indices is a major new stock market milestone for the company” – FDJ governance detailed in its statement.
Raising capital of €2bn, FDJ’s November IPO was recognised as one of Europe’s biggest ‘2019 floats’, as diverse investors backed Europe’s second largest lottery operator ‘going public’.
Further to its SBF-120 accreditation, FDJ will also join the EURO STOXX600, which values the firm’s market capitalisation amongst the strongest listed enterprises within Europe’s 17 main market exchanges – (Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom).
FDJ has prepared for a critical 2020, in which the company has been named as lead sponsor for France’s Tokyo 2020 Olympic Team.
In addition, governance of FDJ, led by Chairwoman Stéphane Pallez, will sit on the ‘Paris 2024 Organising Committee’ as an official partner of the Olympic and Paralympic Games.
