Groupe Partouche : Turnover 2nd quarter 2020 (Feb. to Apr.) : € 56.9 M (-46%) - Continuation of a very good trend in the 1st half of the quarter - Strong impact of the sanitary containment in the 2nd half

Turnover 2 ndquarter 2020 Turnover 3 months (Feb. to Apr.) : € 56.9 M (-46 %) Continuation of a very good trend in the 1 sthalf of the quarter Strong impact of the sanitary containment in the 2 ndhalf Paris, 10th June 2020, 06:00 pm - Groupe Partouche, one of the European gaming leaders, published today its consolidated turnover for the 2 ndquarter of the fiscal year 2020 (February - April 2020). Good activity during the 1st half of the quarter, Cessation of the...

PARIS, 10/06/2020 (informazione.news - comunicati stampa - turismo)

Paris, 10th June 2020, 06:00 pm - Groupe Partouche, one of the European gaming leaders, published today its consolidated turnover for the 2 quarter of the fiscal year 2020 (February - April 2020).

The Covid-19 pandemic led to the closure of French casinos as from 15 March and that of the casinos abroad during the following days. As a result, the number of operation days was cut in half in the second quarter of the year.

Despite the good trend recorded in February and early March, the Gross Game Revenue (GGR) at € 86.9 M was down 48.3%. In France, it fell by -51.3% to € 68.0 M (-52.6% for slot machines reaching € 54.8 M and -45.1% for traditional games reaching € 13.2 M). Abroad, thanks to an increase in the online gaming GGR in Belgium (+ 60.5% - excluding sports betting), the GGR posted a less pronounced decline (-34.1% to € 18.9 M). The Net Gaming Revenue (NGR) after levies decreased by -44.4% to € 46.7 M.

Overall, turnover of 2 quarter amounted to € 56.9 M, down by -46.0%.

At the end of April, the solid growth recorded over the first 4 and a half months of the year made it possible to record an aggregate 6-months turnover of € 183.6 M (-17.3%) and a Net Game Revenue of 149.7 M € (-16.6%).

The Federal Council has extended the Meyrin casino concession in Switzerland, which will allow it to operate online casino games. The launch is scheduled for summer 2020, under the brand Pasino.ch.

In the context of the sanitary crisis, the partner banks granted the Group a State Guaranteed Loan (SGL) of € 19.5 M, thereby improving its cash flow and making it possible to fully support the recovery of its activities.

Income 1 half-year: Thursday 16 July 2020, after Paris stock market close

Financial information 3 quarter: Wednesday 9 September 2020, after Paris stock market close

 

 

 

 

 

 

 

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.

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