GROUPE
PARTOUCHE
YEARLY TURNOVER
2018 UP BY +1.0% at € 410.8 M
DESPITE A DECREASE
OF - 2.9% during the 4TH
QUARTER
Paris, 12th December
2018, 06:00 p.m.- Groupe Partouche, one of the European gaming
leaders, published its consolidated turnover for the fiscal
year ended 31st October 2018
and for the 4th quarter 2018
(August - October).
4th quarter
business activity impacted by lower attendance
The 4th quarter
turnover was down by - 2.9 % at € 99.6 M (- € 3 M)
Over the period under review,
Gross Gaming Revenue (GGR) declined by - 3.6 % (- € 6.2 M) at €
166.3 M due to two trends:
-
A decrease in France GGR of -5.0% (- € 7.4 M),
including a reduction of table games at Cannes Casino (- € 3.6 M)
and more globally impacted by a lower attendance;
-
Over the same period, sports betting registered
a strong growth in Belgium (+32.6%, i.e. + € 1M€)
Net Gaming Revenue (NGR) reached € 75.7 M, with
a decrease of - € 3.8 M (-4.8%). As a reminder, the Group benefited
during the 4th quarter 2017
from a tax return for the Casino du Lac Meyrin, which cannot be
renewed this year.
Turnover excluding games reached €
24.7 M with a growth of 3.4% (+ € 0.8 M), mainly due to the
Parisian restaurant « Laurent ».
Growth in Yearly
turnover +1%
Groupe Partouche reached an annual
turnover of € 410.8 M up by +1% (+ € 3.9 M), despite a decrease in
the business activity during 2nd half-year (-
€ 2.0 M compared to 2nd HY
2017).
The 2018 financial year ended with
a stable GGR of € 638.7 M, benefiting on one hand from the
significant growth of the sports betting GGR (+ € 5.7 M), but
penalized on the other hand by - € 3.7 M due to the variation EUR /
CHF exchange rate for the two Swiss casinos of Meyrin and
Crans-Montana.
The NGR also remained stable, impacted by the increase in the CSG
(general social contribution Tax) as of the 1st
January 2018 (- € 3.7 M), but favoured by the low rate of levy
applied to sports betting that have experienced a strong
growth.
The decrease in business activity
over the second half-year will automatically lead to a decrease in
operating profitability over the period, a trend that started in
the first half of the year.
Events after the
close of the fiscal year
In continuation of its strategy of
renovation and development of its establishments, Groupe Partouche
transferred on 20th November
2018, the Pornic Casino to a new location, which has been a great
success since it opened to the public, thanks to more adapted
spaces and better accessibility (car parks) .
In addition, the Aix-en-Provence
Casino is undergoing a major renovation, which started in September
2017 and is expected to be completed at the end of January
2019.
Refurbishments in progress or to
be carried on during 2019 concern La Roche-Posay, Royat, Hyères and
Saint-Amand-les-Eaux Casinos.
Upcoming event:
Yearly income at 31st October
2018: Wednesday 30th January
2019, after stock market close.
Groupe Partouche
was established in 1973 and has grown to become one of the market
leaders in Europe in its business sector. Listed on the stock
exchange, it operates casinos, hotels, restaurants, spas and golf
courses. The Group operates 43 casinos and employs nearly 4,500
people. It is well known for innovating and testing the games of
tomorrow, which allows it to be confident about its future, while
aiming to strengthen its leading position and continue to enhance
its profitability. Groupe Partouche was floated on the stock
exchange in 1995, and is listed on Euronext Paris, Compartment B.
ISIN : FR0000053548 - Reuters : PARP.PA - Bloomberg :
PARP:FP
Groupe
Partouche
Phone : 01.47.64.33.45 - Fax : 01.47.64.19.20
Valérie Fort, Chief Financial
Officer
info-finance@partouche.com
ANNEX
1 - First application of IFRIC
13
The implementation of a national
customer loyalty program as of 1 November 2016 led the Group to
recognize this program in accordance with IFRIC 13.
The impact on the turnover was
calculated on the aggregate activity for a first time at 30 April
2017 (- 1.774 K€) without a breakdown by quarter.
2 - Consolidated turnover
In
€M |
2018 |
2017 |
Variation |
1st quarter |
113,9* |
109,8 |
3,7% |
2nd quarter |
97,5* |
95,6* |
1,9% |
3rd quarter |
99,9* |
98,9* |
1,0% |
4th quarter |
99,6* |
102,6* |
-2,9% |
Total Consolidated Turnover * |
410,8 |
406,9 |
1,0% |
* after impact of the loyalty
program
3 - Construction of
turnover
3.1 4th
quarter
In
€M |
2018 |
2017 |
Variation |
Gross
gaming revenue (GGR) |
166,3 |
172,5 |
-3,6% |
Levies |
90,6 |
93,0 |
-2,5% |
Net
gaming revenue (NGR) |
75,7 |
79,5 |
-4,8% |
Turnover
excluding NGR |
24,7 |
23,9 |
3,4% |
Loyalty
program |
-0,8 |
-0,8 |
- |
Total Consolidated Turnover |
99,6 |
102,6 |
-2,9% |
3.2 In aggregate - 12
months
In
€M |
2018 |
2017 |
Variation |
Gross
gaming revenue (GGR) |
638,7 |
638,8 |
0,0% |
Levies |
-318,1 |
-318,0 |
0,0% |
Net
gaming revenue (NGR) |
320,7 |
320,8 |
0,0% |
Turnover
excluding NGR |
93,3 |
89,5 |
4,3% |
Loyalty
program |
-3,2 |
-3,4 |
- |
Total Consolidated Turnover |
410,8 |
406,9 |
1,0% |
4 - Breakdown of turnover by
divisions
4.1 4th
quarter
In
€M |
2018 |
2017 |
Variation |
Casinos |
90,1 |
94,4 |
-4,6% |
Hotels |
2,7 |
3,1 |
-12,2% |
Other |
6,9 |
5,1 |
35,5% |
Total consolidated turnover |
99,6 |
102,6 |
-2,9% |
4.2 in aggregate - 12
months
In
€M |
2018 |
2017 |
Variation |
Casinos |
375,3 |
379,1 |
-1,0% |
Hotels |
9,0 |
9,8 |
-8,5% |
Other |
26,5 |
17,9 |
47,7% |
Total consolidated turnover |
410,8 |
406,9 |
1,0% |
Groupe Partouche CA T4-2018
VAnglaise
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: GROUPE PARTOUCHE via Globenewswire
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