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Groupe Partouche
Earnings Release • Sep 11, 2019
1386_10-q_2019-09-11_7dffaf1f-fe5c-4b96-8e50-7898cdfb2733.pdf
Earnings Release
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Turnover 3rd quarter 2019 Growth up by 5,0 % over the first 9 months at € 326.8 M And over the 3rd quarter at € 104.9 M
Paris, 11th of September 2019, 06:00 pm - Groupe Partouche, one of the European gaming leaders, published its consolidated turnover for the 3rd quarter 2019 (May to July 2019).
3 rd quarter sustained activity
During the 3rd quarter 2019, the Gross Gaming Revenue (GGR) totaled € 164.6 M (+4.3 %).
The GGR in France was up by € 7.0 M reaching € 138.1 M (+ 5,4 %) driven by an increased attendance. The slots and table games GGR both show a satisfactory increase, respectively + 4.6 % (at € 114.4 M) and + 9.4 % (at € 23.7 M). The GGR pertaining to the electronic traditional games continues its upward trend with a sharp rise of + 33.6 %. GGR slightly decreased outside France by 0.9 % at € 26.5 M under the influence of a decline in the GGR of brick and mortar casinos (- 4.0 %) and a slowdown in the growth of online games and sports betting in Belgium (+ 7.3 %).
The Net Gaming Revenue (NGR) increased by + 4.0 % at € 77.5 M (i.e.+ € 3.0 M).
Globally, the turnover of the 3rd quarter totalled € 104.9 M, up by + 5.0 %.
Aggregate turnover at the end of July up by +5.0 % at € 326.8 M
At the end of July, the aggregate turnover over 9 months reached € 326.8 M, up by + 5.0 % with a growth in the Net Gaming Revenue of + 4.8 % at € 256.8 M
Terms of office of the members of the Executive Board
The Supervisory Board meeting held on the 10th of September 2019, renewed the terms of office of the members of the Executive Board for a period of six years, i.e. until the 30th of October 2025, and entrusted the Chairmanship of the latter to Mr. Fabrice PAIRE.
Upcoming events:
Turnover 4th quarter 2019: Wednesday 11th of December 2019, after Paris stock market close Income of financial year at 31st October 2019: Wednesday 29th of January 2020, after Paris 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
FINANCIAL INFORMATION
ANNEX
1- Consolidated turnover
| In €M | 2019 | 2018 | Variation |
|---|---|---|---|
| st quarter 1 |
116,6 | 113,9 | 2,4% |
| nd quarter 2 |
105,3 | 97,5 | 8,0% |
| rd quarter 3 |
104,9 | 99,9 | 5,0% |
| Total consolidated turnover | 326,8 | 311,2 | 5,0% |
2- Construction of the consolidated turnover
2.1 – 3 rd quarter
| In €M | 2019 | 2018 | Variation |
|---|---|---|---|
| Gross gaming revenue (GGR) | 164,6 | 157,8 | 4,3% |
| Levies | -87,1 | -83,3 | 4,6% |
| Net gaming revenue (NGR) | 77,5 | 74,5 | 4,0% |
| Turnover excluding NGR | 28,3 | 26,2 | 8,1% |
| Fidelity program | -0,8 | -0,8 | 9,8% |
| Total consolidated turnover | 104,9 | 99,9 | 5,0% |
2.2 – Aggregate 9 months
| In €M | 2019 | 2018 | Variation |
|---|---|---|---|
| Gross gaming revenue (GGR) | 494,0 | 472,4 | 4,6% |
| Levies | -237,2 | -227,4 | 4,3% |
| Net gaming revenue (NGR) | 256,8 | 245,0 | 4,8% |
| Turnover excluding NGR | 72,5 | 68,6 | 5,6% |
| Fidelity program | -2,5 | -2,4 | 3,7% |
| Total consolidated turnover | 326,8 | 311,2 | 5,0% |
3- Breakdown of turnover by activity
3.1 – 3 rd quarter
| In €M | 2019 | 2018 | Variation |
|---|---|---|---|
| Casinos | 93,0 | 88,4 | 5,2% |
| Hotels | 3,0 | 3,0 | 1,0% |
| Other | 8,9 | 8,5 | 5,1% |
| Total consolidated turnover | 104,9 | 99,9 | 5,0% |
3.2 – Aggregate 9 months
| In €M | 2019 | 2018 | Variation |
|---|---|---|---|
| Casinos | 298,5 | 285,3 | 4,6% |
| Hotels | 5,8 | 6,3 | -7,1% |
| Other | 22,5 | 19,6 | 14,4% |
| Total consolidated turnover | 326,8 | 311,2 | 5,0% |
4- 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.
FINANCIAL INFORMATION
