Brief: FL Entertainment FY Adjusted EBITDA Up At 670.2 Million Euros

Banijay NV

16/03/2023 17:21

March 16 (Reuters) - FL Entertainment NV  FLE.AS :
    * FY REVENUE UP +15.7% TO EUR 4,047 MILLION DRIVEN BY STRONG
PERFORMANCE OF BOTH BUSINESSES
    * ADJUSTED EBITDA ROSE BY +10.0% TO EUR 670.2M IN 2022,
RESULTING
IN AN EBITDA MARGIN OF 16.6%
    * PROPOSED DIVIDEND OF EUR 0.36 PER SHARE
    * FY ADJUSTED NET INCOME ROSE TO EUR 307MLN (+8.6% VERSUS
2021)
    * STRONG LIQUIDITY POSITION (EUR 689M ON 2022 YEAR-END)
    * MID-TERM OUTLOOK CONFIRMED
    * OUTLOOK 2023: REVENUE: MID-SINGLE DIGIT ORGANIC GROWTH FOR
CONTENT PRODUCTION & DISTRIBUTION DOUBLE-DIGIT ORGANIC GROWTH
FOR ONLINE SPORTS BETTING & GAMING
    * OUTLOOK 2023: ADJUSTED EBITDA OF AROUND EUR 710 MILLION
    * OUTLOOK 2023: ABOUT 80% FREE CASH FLOW CONVERSION

Source text for Eikon:  ID:nGNE8N57kL 
Further company coverage:  FLE.AS 

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