European gambling operator FDJ United has set out how it plans to achieve average annual revenue growth of around five per cent over the next three years.
The company, which recently completed the acquisition of Kindred Group to complement its large presence in France, is also seeking a recurring EBITDA margin of over 26 per cent by 2028.
FDJ believes its operating leverage over the next three years will be worth more than €120m to the group. More than half of that figure will be attributable to its online betting and gaming arm, and nearly 40 per cent to the French lottery and retail sports betting business unit.
In the online gaming and betting space, FDJ wants to be a top three operator in seven of its eight main European markets and to achieve annual revenue growth of a high single digit.
FDJ wants higher growth in recurring EBITDA for its online business and a recurring EBITDA margin of over 30 per cent by 2028.
The forecasts have been published as part of FDJ’s Capital Markets Day, which is being held today, June 24, and will see the company’s chairwoman and CEO, Stéphane Pallez outline the Play Forward 2028 program.
“FDJ United has undergone a considerable transformation since its IPO, with financial and non-financial performance underscoring the success of our strategy for sustainable, profitable growth,” Pallez said.
“2025 is a pivotal year for the group, with the consolidation of Kindred, the benefits of which are reflected in our Play Forward 2028 strategic plan.
“This plan opens a new chapter in our transformation, with the ambition of asserting our position as Europe’s leading responsible betting and gaming operator, based on a more diversified, more digital and more international business portfolio.
“Play Forward 2028 aims to continue to create value for our shareholders and all our stakeholders.”
FDJ is expecting to add one million more players to its French lottery and retail sports betting business unit in the next three years. This, the company said, will be driven by the expansion of points of sale and the development of its online channel, which it said could account for 20 per cent of lottery revenue by 2028.
Annual revenue growth is expected to be low single digit for points of sale and low-to-mid teens for ilottery.
