Paris, 17th February 2016 - Groupe Partouche, European leader in the gaming sector, publishes its turnover for the 1st quarter of the current fiscal year (November 2015 - January 2016).
The chairman of the Executive Board, Mr. Fabrice Paire says: "the continuous growth of our performance, quarter after quarter, is extremely satisfactory and perfectly shows the usefulness and appropriateness of our strategy along with its daily application by our dedicated teams. The current deployment of new games such as Bingo and English ERoulette slots, together with the redeployment of certain casinos, reinforce the attractiveness of our establishments with our existing clientele as well as with newcomers. Our confidence in the outlook of Groupe Partouche is substantiated by the good result of the beginning of the year, the investments made and to be done and the permanent attention given to our clientele in respect of gaming and entertainment."
The beginning of the fiscal year of Groupe Partouche was satisfactory with a growth in its activity higher than 2015.
During the 1st quarter of the fiscal year under study (November 2015 - January 2016), the turnover of Groupe Partouche reached €112m, up by 2.6% and up by 4.0% on a like-for-like basis1.
Gaming (on a like-for-like basis) GGR reached € 156,8m, up by 4,5 %, mainly due to the increase by 6,9% in the income of table games, thanks to the success met by the English ERoulette and the continuity in its deployment.
The continued growth in the Slots GGR, +3,3% reaching €131,6m represents another source of satisfaction for the Group, taking into consideration the importance of slot machines in the activity of our establishments. This growth is mainly due to the upturn of our customers number combined with the wisdom of our strategy in improving our offer.
Lastly, the GGR of sports betting is showing a strong growth.
The turnover of other activity (excluding games) such as restaurants and hotels, reached € 20.2m, up by 0,7% on a like-for-like basis.
Groupe Partouche, as ever concerned by improving more and more the time spent by its clientele in its establishments, permanently works on their attractiveness by deploying innovative new games and by enlarging and renovating spaces.
1 The changes in the scope in 2015 : divestments of the casino of Chaudfontaine and the Garden Beach hotel in Juan-les-Pins on the one side, and the closure of the casino of La Trinité-sur-Mer on the other side.
GAMES OFFERINGThe first Bingo events organized in our establishments attracted a new clientele, players with very little experience in casinos and that will certainly discover all the games displayed in these establishments.
The Groupe Partouche continues to refocus on the renovation / extension of its establishments, thus:
In Saint Galmier (Loire region) the casino was entirely rethought with larger spaces and the brasserie restaurant being now an integral part of the casino, with an independent entrance for a non-gaming clientele ;
In Andernos, (Gironde region), customers can enjoy the very last version of a casino that combines gaming and non-gaming offers in the same space;
In Vichy Grand Café: the gaming room was enlarged and the establishment refurbished in a more modern and friendly environment. The number of its slots was increased by the 35 machines following the closure of the casino des 4 Chemins, together with a very satisfactory switch of the latter's volume of activity towards Vichy Grand Café casino.
In December 2015, the Interior Minister granted the Cannes casino the authorization to transfer its activity within the premises of the 3.14 Hotel. The current operation of this establishment is structurally and heavily loss-making since many years now, due to the negative impact of an inappropriate location. This redeployment within the premises of the 3.14 hotel will allow a better equilibrium of the establishment and a redesigned offer more in line with its customer's expectations.
Future appointments:
Annual General Meeting: Thursday 6th April 2016
Turnover for 1st Half-year: Wednesday 15th June 2016, after the closure of Paris Stock Exchange
Groupe Partouche was established in 1973 and is the European market leader in the gaming business. Listed on the Stock Exchange, it operates casinos, hotels, restaurants, spas and golf courses. The Group possesses 43 casinos and employs 4500 people. Its strategy for promoting the gaming business based on innovation and new games allows it to be confident about its future by aiming to strengthen its leading position and continuing to enhance its profitability. Listed on the Stock Exchange in 1995, Groupe Partouche shares are traded on compartment B of Euronext Paris. 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 info-finance@partouche.com
ANNEX : ACTIVITY-
Consolidated turnover (including the changes in the scope)
1st Quarter (nov. 2015 to jan. 2016), in €M
2016
2015
Variation
GGR
156,8
152,2
3,0%
Levies
-65,0
-63,1
2,9%
NGR
91,9
89,1
3,1%
Turnover excl. NGR
20,2
20,1
0,1%
Total turnover
112,1
109,2
2,6%
-
Activity on a like-for-like basis
Activity should be analysed taking into consideration the changes in the scope of consolidation during 2015, following the divestments of the casino of Chaudfontaine and the Garden Beach hotel in Juan-les-Pins on the one side, and the closure of the casino of La Trinité-sur-Mer on the other side.
In €M
1st quarter 2016
subtracted companies
1st quarter 2016
Excl. subtracted companies
1st quarter 2015
subtracted companies
1st quarter 2015
Excl. subtracted companies
% change Excl. subtracted companies
GGR
156,8
-
156,8
152,2
2,1
150,1
4,5%
Levies
-65,0
-
-65,0
-63,1
-0,7
-62,4
4,1%
NGR
91,9
-
91,9
89,1
1,4
87,7
4,7%
Turnover excl. NGR
20,2
0,0
20,2
20,1
0,1
20,0
0,7%
Total turnover
112,1
0,0
112,0
109,2
1,5
107,8
4,0%
- Breakdown of turnover by division (on a like-for-like basis)
en M€ | 1st quarter 2016 | subtracted companies | 1st quarter 2016 Excl. subtracted companies | 1st quarter 2015 | subtracted companies | 1st quarter 2015 Excl. subtracted companies | % change Excl. subtracted companies |
Casinos | 107,5 | 0,0 | 107,5 | 104,8 | 1,5 | 103,3 | 4,0% |
Hotels | 1,4 | - | 1,4 | 1,6 | 0,0 | 1,5 | -10,7% |
Other | 3,2 | - | 3,2 | 2,9 | - | 2,9 | 11,0% |
Total consolidated turnover | 112,1 | 0,0 | 112,0 | 109,2 | 1,5 | 107,8 | 4,0% |
This document is a free translation into English of the "Communiqué financier" published simultaneously and originally prepared in French, and has no other value than an informative one. Should there be any difference between the French and the English version, only the French-language version shall be deemed authentic and considered as expressing the exact information published by Groupe Partouche.
Groupe Partouche SA issued this content on 17 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 February 2016 17:33:10 UTC
Original Document: http://partouchecms.ptech.fr/groupepartouche/documents/4111134-information-financiere-t1-2016-vanglaise.pdf