The turn signals are green.
In 2022, FL Entertainment posted double-digit revenue growth, driven by strong performances from Banijay and Betclic.
The group controlled by Stéphane Courbit, which unveiled its first annual results on Thursday since its IPO last July, reported a turnover up nearly 16%, to 4 billion euros.
Up 10%, its current operating profit reached 670 million euros, above the target of 645 million euros that the group had set itself.
As for debt, which may have fueled the fears of some analysts, "
it has been considerably reduced in one year, thanks to solid financial results as well as the 400 million euros raised during the IPO
“, indicates the general manager of FL Entertainment, François Riahi.
The company's net debt now stands at 2 billion euros, or 3.1 times operating profit, compared to 3.7 times at the end of 2021. And…
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