Interactiv
France – Sportnco drives strong growth for France-Pari
By Phil - 13 mai 2019
France-Pari, an online sports betting operator in France and Spain, and its B2B division Sportnco, has seen its revenues increase by 13 per cent to €3.5m and EBITDA 18 per cent to €1m year-on-year during the period.
Online bookmaker consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) rose 18% to €1m in the first quarter of 2019, up from €840,000 in the same period in 2018; while group revenues grew 13% year-on-year from €3.1m in 2018 to €3.5m in the first quarter of 2019.
B2B activities driven by the group’s SPORTNCO division were the main driver of this growth, with most of the activity taking place across the European regulated markets of Spain, France and Belgium.
The company said these were very positive first quarter trends will soon be enhanced by the launch of bespoke sportsbooks for new clients such as SISAL in Spain or ZEBET in Portugal and the group is confident it will reach €4.5m to €5m in EBITDA in 2019. This would represent annual growth of up to 33 per cent when compared to the €3.7m EBITDA achieved in 2018.
Annual group revenues are also expected to grow strongly in 2019, with a 20 per cent increase from €13m in 2018 to €15.5m this year.
At the end of this year, the company will have reimbursed the biggest part of its debt relating to the SUERTIA acquisition it carried out in Spain in 2016. The Suertia brand has been highly successful and exceeded expectations and has enabled Sportnco to become the leading B2B betting network in Spain, bringing together GoldenPark, Suertia, Casino Gran Madrid and Casino Barcelona onto its platform.
As a result, the company is looking at potential new acquisitions to accelerate its growth in the B2B sector.
Hervé Schlosser, founder and CEO of FRANCE PARI Group, commented: “I am delighted at the progress we have made this year. Our B2B strategy in France and Spain is reaping rewards and we are now looking at acquiring profitable companies with whom we could develop commercial and financial synergies in order to accelerate our growth in B2B.”
