GROUPE PARTOUCHE: Turnover 1st quarter 2023: € 116.4 M - Consolidation of the recovery - +21.1 % growth vs 2022 at a constant scope of consolidation - 22nd March 2023 General Meeting: dividend proposal of 0.32 € per share
March 14 2023 - 12:00PM
GROUPE PARTOUCHE: Turnover 1st quarter 2023: € 116.4 M -
Consolidation of the recovery - +21.1 % growth vs 2022 at a
constant scope of consolidation - 22nd March 2023 General Meeting:
dividend proposal of 0.32 € per share
Turnover 1st
quarter 2023: € 116.4 M (compared to € 98.1 M in
2022)Consolidation of the recovery+21.1 %
growth vs 2022 at a constant scope of
consolidation22nd
March 2023 General Meeting: dividend proposal of 0.32 € per
share
Paris, 14th March 2023, 06:00 p.m. – Groupe
Partouche, a European leader in gaming, publishes today its
consolidated turnover for the 1st quarter 2023 (November 2022 –
January 2023).
As a reminder, during the 1st quarter of the
previous financial year (November 2021 to January 2022), the
Group's casinos continued to suffer from the health constraints in
place which weighed on their attendance:
- In France: the
"Health Pass", non-free antigenic and PCR tests as well as the
introduction of the "Vaccination Pass" as from 24th January
2022,
- In Switzerland:
introduction of the "Vaccination Pass" from 20th December 2021,
lifted on 17th February 2022.
Moreover, the 1st quarter 2023 takes into
account a scope effect linked in particular to the sale on 31st
January 2022 of the stake held in the Crans-Montana casino (GGR of
€ 2.4 M in the 1st quarter 2022 and € 3.7 M in the 1st quarter
2020) and the entry into the Group’s fold of the Middelkerke Casino
as from 1st July 2022, for an opening on 8th July 2022 after some
refurbishment works (GGR of € 0.7 M in the 1st quarter 2023).
Turnover 1st
quarter 2023: €
116.4 M
(compared to €
98.1
M in
2022),
i.e. +18,6
%
Taking into account the aforementioned items,
Gross Gaming Revenue (GGR) stands at € 171.9 M in the 1st quarter
2023 compared to € 141.8 M a year earlier, up by +21.3 %. At
constant scope, it increases by +22.9 % compared to the 1st quarter
2022 (+8.4 % compared to the 1st quarter 2020).
In France, during the 1st quarter 2023, GGR
increases by +22.2 % at € 153.8 M for all types of games: Slots
+19.1 %, Non Electronic Table Games +24.8 % and Electronic Games
+42.4 %.
Abroad, GGR increases by +13.4 % reaching € 18.1
M compared to 1st quarter 2022, and by +28.7 % compared to 1st
quarter 2022 at a constant scope of consolidation. Swiss online
games progress by +25.4% compared to the previous year.
In total, after levies, Net Gaming Revenue
increases by +17.3 % to € 96.8 M in the 1st quarter 2023.
Turnover for the
1st quarter 2023
amounts to € 116.4 M, up by
+18.6 % year-on-year, after taking into
account the turnover of other activities. At a constant scope
(excluding the operation of games and online gaming and betting in
Ostend, Belgium), it increases by +21.1 % compared to the 1st
quarter of 2022 (+3.3 % compared to the 1st quarter of 2020).
General Meeting and dividend
distribution
During the General Meeting which will take place
on Wednesday 22nd of March, the shareholders will have the
opportunity to vote on the distribution of a dividend in the amount
of € 3,080,650.88 (i.e. € 0.32 per share). The payment of this
dividend will take place no later than 31st July 2023.
Launching of
the Joker Club
Groupe Partouche Web3 subsidiary, Partouche
Multiverse is pleased to announce the launch of Joker Club, a
collection of 8.888 NFTs Jokers. These NFTs offer exclusive
advantages in the Partouche ecosystem and with its partners. From
10th to 19th March 2023, the customers will be able to access the
presale of these NFTs. The official public sale (MINT) will take
place on the 23rd March.
The objective is to build the Partouche 3.0
community, in this year of the 50th anniversary of the Group which
has always had innovation in its DNA. Through Partouche Multiverse,
the Group is taking a step into Web3 and block chain activities. A
new way of experiencing entertainment by connecting it with new
uses and new audiences. More information at www.jokerclub.io
Upcoming
events:
General meeting: Wednesday 22nd March 2023
Turnover 2nd quarter: Tuesday 13th June 2023,
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 – Bloomberg: PARP:FP - Reuters: PARP.PA - Bloomberg:
PARP:FP
ANNEX
1-
Construction of the
consolidated turnover for the 1st
quarter (November N-1 to January N)
In €M |
2023 |
2022 |
Variation
2023/2022 |
2020 |
Gross Gaming Revenue (GGR) |
171.9 |
141.8 |
21.3% |
174.8 |
Levies |
-75.2 |
-59.3 |
26.8% |
-71.8 |
Net Gaming Revenue (NGR) |
96.8 |
82.5 |
17.3% |
103.0 |
Turnover excluding NGR |
20.5 |
16.6 |
23.6% |
24.6 |
Fidelity Programme |
-0.8 |
-0.9 |
-10.7% |
-0.9 |
Total Consolidated Turnover |
116.4 |
98.1 |
18.6% |
126.7 |
2- Breakdown of
turnover by activity at 1st
quarter (November N-1 to
January N)
In €M |
2023 |
2022 |
Variation 2023/2022 |
2020 |
Casinos |
108.9 |
91.9 |
18.5% |
117.5 |
Hotels |
5.2 |
3.9 |
34.1% |
1.4 |
Other |
2.3 |
2.3 |
-2.7% |
7.9 |
Total Consolidated Turnover |
116.4 |
98.1 |
18.6% |
126.7 |
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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