GROUPE PARTOUCHE :CONTINUED GROWTH IN GGR +4,3% FOR Q3 2016 (ON A LIKE-FOR-LIKE BASIS)

   GROUPE PARTOUCHE : CONTINUED GROWTH IN GGR+4,3% FOR Q3 2016 (ON A Like-for-like BASIS)  Paris, 14 September 2016 - Groupe Partouche, one of the European gaming leaders, publishes its turnover for the third quarter (May 2016 - July 2016) of financial year 2016. INCREASE IN...

 

 

GROUPE PARTOUCHE : CONTINUED GROWTH IN GGR

+4,3% FOR Q3 2016 (ON A Like-for-like BASIS)

Paris, 14 September 2016 - Groupe Partouche, one of the European gaming leaders, publishes its turnover for the third quarter (May 2016 - July 2016) of financial year 2016.

INCREASE IN GGR MORE THAN 4% FOR A THIRD CONSECUTIVE QUARTER.

(Comments on a like-for-like scope of consolidation)

Groupe Partouche business activity is doing well : GGR, the performance indicator of the heart of the business, showed an increase more than 4% for the third consecutive quarter. So for the single 3^rd quarter of the year under review, GGR increased by 4,3% reaching €156.1M.

The positive orientation of all the segments of games' offering is being confirmed. Slot machines benefit from a constant enriched display by the addition of new products. Their GGR increased by 1.3%. Table games GGR is on continuous growth +20% approximately, mainly due to the use of the electronic English roulette.

Q3 consolidated turnover increased by €5.1m reaching €98.1m, + 5.4%. This increase will reach +3.6%, taking into consideration the impact in 2015 of the restatement due to the implementation of levies new regulations.

2016 : A WELL ORIENTED FINANCIAL YEAR

For the nine first months of the year under review, the increase in GGR reaches 4.6% and the Group' total consolidated turnover €308.5m, up by €8.7m i.e. + 4% (on a like-for-like) or 2.9% as published here, thanks to the continuous growth in GGR.

The Group' consolidated EBTIDA for the entire financial year, will benefit of the excellent conversion rate of this additional turnover on the basis of mastered operating expenses as this has been the case for several quarters.

Upcoming event:

Q4 2016 turnover : Wednesday 14 December 2016, after 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

Groupe Partouche                                                                                            Phone : 01.47.64.33.45 - Fax : 01.47.64.19.20

Alain Cens, Chief Financial Officer                                                                 [email protected]

 

 

ANNEX : BUSINESS ACTIVITY

 

 

The offset during 2015 of the application of the new regulatory methods in respect of levies (€1.7M) positively impacted the growth ratio as published for the turnover of the 3^rd quarter 2016.

With the restatement of this item, the turnover of the 3^rd quarter 2016 would show an increase of 3.1% and of 3.6% on a like-for-like basis compared with the published growths of respectively 5% and 5.4%.

 

• Consolidated turnover (including removals from the scope of consolidation)

 

 

 

In €M	2016	2015	Variation
1st quarter	112,1	109,2	2,6%
2nd quarter	98,3	97,0	1,3%
3rd quarter	98,1	93,5	5,0%
Total consolidated turnover	308,5	299,7	2,9%

             

 

2-Like-for-like activity

 

Business activity must be analysed taking into account the changes in the scope of consolidation in 2015 following the sales of the Chaudfontaine casino and the Garden Beach hotel in Juan-les-Pins on the one side and the closing of the La Trinité-sur-Mer casino on the other side. The following tables show developments on a like-for-like basis.

 

2.1 Q3 Activity on a like-for-like basis

In €M	Q3-2016	Neutralised companies	Q3-2016 net of neutralised companies	Q3-2015	Neutralised companies	Q3-2015 net of neutralised companies	% change net of neutralised companies
GGR	156,1	-	156,1	149,9	0,2	149,7	4,3%
Levies	(83,1)	-	(83,1)	(81,8)	(0,1)	(81,7)	1,7%
NGR	73,0	-	73,0	68,1	0,2	67,9	7,5%
Turnover excl. NGR	25,1	0,0	25,1	25,4	0,3	25,1	0,0%
Total turnover	98,1	0,0	98,1	93,5	0,4	93,0	5,4%

2.2 Accumulated activity on a like-for-like basis

In €M	9months 2016	Neutralised companies	9m-2016 net of neutralised companies	9months 2015	Neutralised companies	9m-2015 net of neutralised companies	% change net of neutralised companies
GGR	471,8	-	471,8	454,1	2,8	451,2	4,6%
Levies	(228,5)	-	(228,5)	(219,8)	(1,0)	(218,8)	4,4%
NGR	243,3	-	243,3	234,3	1,8	232,4	4,7%
Turnover excl. NGR	65,1	0,0	65,1	65,5	1,2	64,2	1,3%
Total turnover	308,5	0,0	308,4	299,7	3,1	296,6	4,0%

 

 

 

3-Breakdown of turnover by division on a like-for-like basis

             

3.1- Breakdown of Q3 turnover by division (on a like-for-like basis)

 

In €M	Q3-2016	Companies sold	Q3-2016  net of companies sold	Q3-2015	Companies sold	Q3-2015  net of companies  sold	% change net of companies sold
Casinos	89,4	0,0	89,4	85,2	0,2	85,0	5,2%
Hotels	5,0	-	5,0	5,3	0,2	5,1	-2,5%
Other	3,8	-	3,8	3,0	-	3,0	26,8%
Total consolidated turnover	98,1	0,0	98,1	93,5	0,4	93,0	5,4%

 

 

 

3.2-Breakdown of accumulated turnover by division (on a like-for-like basis)

In €M	9months 2016	Neutralised companies	9m-2016 net of neutralised companies	9months 2015	Neutralised companies	9m-2015 net of neutralised companies	% change net of neutralised companies
Casinos	288,9	0,0	288,9	281,0	2,1	278,9	3,6%
Hotels	8,7	-	8,7	10,0	1,0	9,0	-3,2%
Other	10,9	-	10,9	8,7	-	8,7	24,4%
Total consolidated turnover	308,5	0,0	308,5	299,7	3,1	296,6	4,0%

 

 

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