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FDJ Reports 200 Million-Euro Sales Loss from COVID-19 Crisis

George Miller
June 19, 2020
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FDJ Reports 200 Million-Euro Sales Loss from COVID-19 Crisis
FDJ Reports 200 Million-Euro Sales Loss from COVID-19 CrisisReading Time: < 1 minute

 

Stephane Pallez, the CEO of French lottery operator Française des Jeux, has reported a 200 million-euro ($225 million) loss in the company’s sales from the COVID-19-related lockdown.

Pallez also reported a 100 million-euro loss in earnings before interest, taxes, depreciation and amortisation (EBITDA).

FDJ said in April it had started looking at cost-cutting plans aimed at saving more than 80 million euros. The company, which was listed on the stock market by the government last year, will report first-half results on July 29.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: FDJ Reports 200 Million-Euro Sales Loss from COVID-19 Crisis

George Miller

George Miller

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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At the heart of the ever-evolving gaming and technology sectors lies EEGaming.org, a premier B2B platform and the definitive Intelligence Hub for industry leaders. As a flagship publication of HIPTHER, we bridge the gap between regional heritage and global innovation, redefining how the industry connects, informs, and inspires.

Expertise & Evolution – More Than Just News

Reaching a vast network of decision-makers, EEGaming.org goes beyond the headlines to deliver high-stakes intelligence and strategic foresight. From the intricacies of European regulations to the rapid evolution of global tech, we provide comprehensive coverage across the verticals that drive the industry:

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Our impact extends far beyond the digital page. EEGaming.org is a proud host of virtual meetups and industry-leading conferences that spark dialogue, foster collaboration, and drive innovation. Through detailed reports and live events, we create a space where operators, suppliers, regulators, and professional services come together to shape the future of gaming.

Get In Touch

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Business & Advertising: [email protected]

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