FDJ United·Consumer Cyclical

FDJ United faces significant tax headwinds across France, the UK, and the Netherlands, pressuring revenue despite modest GGR growth. Q3 FY25 saw GGR rise 1% to €2.1B, but revenue fell over 3% to €895M, highlighting the impact of rising taxes on the take rate. FY26 guidance points to a slight revenue decline and EBITDA margin of 23–24%, with management expecting €786–820M EBITDA and a resilient +7% dividend yield.

FDJ United (LFDJF) Q1 2026 Sales/Trading Call Transcript
FDJ United engages in gambling operations in France. It offers lottery games, sports betting, and poker. The company was founded in 1933 and is headquartered in Boulogne-Billancourt, France.
Consumer Cyclical
Gambling, Resorts & Casinos
5,678
2020-03-16
0.62