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France – Société Française des Casinos back up to pre pandemic levels

Whilst profitability remains restricted by the constraints linked to the health crisis, French casino group, Société Française des Casinos (SFC) enjoyed an encouraging first half with turnover of €9m comparable to that of 2018/2019.

The first half of 2021-2022, from November 1, 2021 to April 30, 2022, marks the greenshoots of recovery, with casinos open to all the period. Despite this context, the SFC recorded a gross turnover of € .969m over the period, which is equivalent to the level of activity recorded in the first quarter of 2018-2019, before the crisis. EBITDA, which amounted to €1.169m, demonstrates the ‘rigorous control of the group’s operating expenses’ as well as ‘its resilience in emerging from the crisis.’

After taking financial charges and tax into account, the SFC announces a net half-year result of €874,000.

The group confirmed it was in a position for new investments to be undertaken to enrich the game offer. “In this context, the group relies on the proven know-how of its new shareholder, the Casigrangi group, who owns 81.2 per cent of the capital,” SFC explained.