FDJ Reports 200 Million-Euro Sales Loss from COVID-19 Crisis
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Stephane Pallez, the CEO of French lottery operator Française des Jeux, has reported a 200 million-euro ($225 million) loss in the company’s sales from the COVID-19-related lockdown.
Pallez also reported a 100 million-euro loss in earnings before interest, taxes, depreciation and amortisation (EBITDA).
FDJ said in April it had started looking at cost-cutting plans aimed at saving more than 80 million euros. The company, which was listed on the stock market by the government last year, will report first-half results on July 29.
Source: Latest News on European Gaming Media Network
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