Turismo
GROUPE PARTOUCHE : YEARLY TURNOVER 2018 UP BY +1.0% AT € 410.8 M
Paris, 12 December 2018, 06:00 p.m.- Groupe Partouche, one of the European gaming leaders, published its consolidated turnover for the fiscal year ended 31 October 2018 and for the 4 quarter 2018 (August - October).
The 4 quarter turnover was down by - 2.9 % at € 99.6 M (- € 3 M)
Over the period under review, Gross Gaming Revenue (GGR) declined by - 3.6 % (- € 6.2 M) at € 166.3 M due to two trends:
Turnover excluding games reached € 24.7 M with a growth of 3.4% (+ € 0.8 M), mainly due to the Parisian restaurant « Laurent ».
Groupe Partouche reached an annual turnover of € 410.8 M up by +1% (+ € 3.9 M), despite a decrease in the business activity during 2 half-year (- € 2.0 M compared to 2 HY 2017).
The 2018 financial year ended with a stable GGR of € 638.7 M, benefiting on one hand from the significant growth of the sports betting GGR (+ € 5.7 M), but penalized on the other hand by - € 3.7 M due to the variation EUR / CHF exchange rate for the two Swiss casinos of Meyrin and Crans-Montana.
The NGR also remained stable, impacted by the increase in the CSG (general social contribution Tax) as of the 1 January 2018 (- € 3.7 M), but favoured by the low rate of levy applied to sports betting that have experienced a strong growth.
The decrease in business activity over the second half-year will automatically lead to a decrease in operating profitability over the period, a trend that started in the first half of the year.
In continuation of its strategy of renovation and development of its establishments, Groupe Partouche transferred on 20 November 2018, the Pornic Casino to a new location, which has been a great success since it opened to the public, thanks to more adapted spaces and better accessibility (car parks) .
In addition, the Aix-en-Provence Casino is undergoing a major renovation, which started in September 2017 and is expected to be completed at the end of January 2019.
Refurbishments in progress or to be carried on during 2019 concern La Roche-Posay, Royat, Hyères and Saint-Amand-les-Eaux Casinos.
Groupe Partouche Phone : 01.47.64.33.45 - Fax : 01.47.64.19.20
Valérie Fort, Chief Financial Officer info-finance@partouche.com
The implementation of a national customer loyalty program as of 1 November 2016 led the Group to recognize this program in accordance with IFRIC 13.
The impact on the turnover was calculated on the aggregate activity for a first time at 30 April 2017 (- 1.774 K€) without a breakdown by quarter.
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