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 3rd 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 YEARFor 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
ISIN : FR0000053548 - Reuters : PARP.PA - Bloomberg : PARP:FP
FINANCIAL INFORMATIONGroupe Partouche Phone : 01.47.64.33.45 - Fax : 01.47.64.19.20
Alain Cens, Chief Financial Officer info-finance@partouche.com
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 3rd quarter 2016.
With the restatement of this item, the turnover of the 3rd 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%
-
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.
-
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%
- 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%
- 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)
3.2- Breakdown of accumulated 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%
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%
Groupe Partouche SA published this content on 14 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 September 2016 16:35:03 UTC.
Original documenthttp://partouchecms.ptech.fr/groupepartouche/documents/4775997-information-financiere-t3-2016-version-anglaise.pdf
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