SBC News Voice of the Sports Betting Industry
French licensed sports betting operator France-Pari has declared its first ever profits, as the operator posted EBITDA earnings of €500,000 (FY 2013: -€200,000). The operator’s positive EBITDA performance transferred to net profits of €300,000, compared to the €700,000 in operational earnings loss posted in 2013
Company governance stated that the turnaround to positive earnings results had been driven by growth in its core brand France-Pari.fr which had witnessed positive growth in 2014 with revenues up 46% €17.9 million (FY2013: 12.5 million). France-Pari online betting vertical had been supported by improved player activity and high wagering activity during the 2014 FIFA World Cup.
France-Pari was further pleased with the progress of its B2B business division SPORTNCO which had doubled its revenues in 2014 to €1.05 million. Company governance stated that it would continue to support the division by expanding investment in Research & Development by 50%.
Hervé Schlosser Founder and CEO of France-Pari commented on company performance
“2014 has been a key milestone for our company, that proves its ability to turn profitable, a result few would have bet on when we started operating only on the French market in 2010 “
With strong financials and especially net equity above 52% of the total balance sheet, our company will have access to new funding leverage in order to accelerate our international development
“It shows how relevant our business model on B2B and B2C online betting activities for regulated markets is: the unique quality of our betting turnkey solutions has enabled us to acquire and keep more and more B2B customers over the years, while our direct link with punters as an operator is essential to develop solutions that are always up-to-date with their needs.¨
