GROUPE PARTOUCHE: Turnover 1st quarter 2024: +2.0% - Good dynamics of the activities - General Meeting of 20th March: Proposed distribution of a dividend of 0.32 €/share
March 12 2024 - 1:00PM
GROUPE PARTOUCHE: Turnover 1st quarter 2024: +2.0% - Good dynamics
of the activities - General Meeting of 20th March: Proposed
distribution of a dividend of 0.32 €/share
Turnover 1st quarter
2024: +2.0%Good
dynamics of the activities
General Meeting of
20th
MarchProposed distribution of a dividend
of 0.32 €/share
Paris, 12th March 2024, 06:00 p.m. Groupe
Partouche European leader in gaming, published this day its
consolidated turnover for the 1st quarter of fiscal year 2024
(November 2023 to January 2024).
Good dynamics of the turnover for the
1st quarter 2024
The Gross Gaming Revenue (GGR) totals € 173.2M
for the 1st quarter 2024 compared to € 171.9M a year earlier, up by
+0.7%.
In France, the GGR for 1st quarter 2024 remains
stable at € 153.8M. The performance of the different forms of games
is contrasted. Thus, the GGR of slot machines increases by +1.4%
(to € 121.2M, i.e. 79% of the GGR in France), while that of table
games, electronic and non-electronic, decreases by -5.2% (at €
32.5M).
Abroad, the GGR increases by +7.3% compared to
1st quarter 2023, at € 19.4M. The GGR of online Swiss games
continues its progress (+52.8% for the year) while that of the slot
machines decreases by -7.5%.
Globally, after levies, the Net Gaming Revenue
(NGR) increases by +1.4% at € 98.1M during the 1st quarter
2024.
The turnover for the
1st quarter of 2024 records a
very satisfactory increase of +2.0% year-on-year and stands at €
118.7M. It includes the turnover of other activities,
which grows by +4.0%, driven by the increase in hotels turnover
(+19.4%).
General Meeting and distribution of
dividends
During the General Meeting to be held on
Wednesday 20th March, shareholders will be able to vote on the
distribution of a dividend in the amount of € 3,080,650.88 (i.e. €
0.32 per share). Payment of this dividend will be made no later
than 31st July 2024.
Partnership established with Julien Manival
Groupe Partouche is joining forces with Julien
Manival (Group “Bonne Compagnie”, which counts seven establishments
in Occitanie) within a new structure, Must Group, specializing in
the hospitality and entertainment sector. The objective is to offer
to a wide audience a unique experience, merging culinary passion,
innovation and entertainment in a modern and festive approach.
This partnership materialized on the one hand by
the acquisition of a restaurant in the heart of the 8th precinct of
Paris which will open at the beginning of 2025, and on the other
hand, by the redevelopment of La Plage 3.14 on the Croisette in
Cannes which will host this new concept at the beginning of coming
spring.
Sustainable development: United Nations Global Compact
and Women's Empowerment Principles
Groupe Partouche renews in 2024 its commitment
to the United Nations Global Compact, the largest international
sustainable development initiative. Furthermore, Groupe Partouche
is committed to gender equality and women's empowerment by adhering
to the UN Women's Empowerment Principles (WEPs) in 2024.
Upcoming events:
General Meeting: Wednesday 20th March 2024
Turnover 2nd quarter: Tuesday 11th 2024, after
stock market closure
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, a gaming
club, hotels, restaurants, spas and golf courses. The Group
operates 41 casinos and employs nearly 3,900 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. ISIN:
FR0012612646 – Reuters: PARP.PA - Bloomberg: PARP:FP
ANNEX
1- Construction of the 1st quarter consolidated turnover
(November N-1 to January N)
In
€M |
2024 |
2023 |
Variation |
Gross Gaming
Revenue (GGR) |
173.2 |
171.9 |
0.7 % |
Levies |
-75.0 |
-75.2 |
-0.2 % |
Net Gaming
Revenue (NGR) |
98.1 |
96.8 |
+1.4 % |
Turnover
excluding NGR |
21.3 |
20.5 |
4.0 % |
Fidelity
programme |
-0.7 |
-0.8 |
-16.0 % |
Total
Consolidated Turnover |
118.7 |
116.4 |
+2.0 % |
2- Breakdown of turnover by activity end of
1st quarter (November N-1 to
January N)
In
€M |
2024 |
2023 |
Variation |
Casinos * |
110.4 |
108.9 |
1.4 % |
Hotels * |
6.2 |
5.2 |
19.4 % |
Other |
2.1 |
2.3 |
-6.1 % |
Total
Consolidated Turnover |
118.7 |
116.4 |
+2.0 % |
* The hotel Pavillon de la Rotonde at La-Tour-de-Salvagny has
been included in the Hotels activity since 1st November 2023
(against casinos previously)
3- Glossary
The "Gross Gaming Revenue" corresponds to the
sum of the various operated games, after deduction of the payment
of the winnings to the players. This amount is debited of the
"levies" (i.e. tax to the State, the city halls, CSG, CRDS).
The «Gross Gaming Revenue» after deduction of
the levies, becomes the "Net Gaming Revenue ", a component of the
turnover.
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