FL Entertainment: Positive trading update & 2022 guidance confirmed. Exploring new financing options
10 Janeiro 2023 - 1:55PM
FL Entertainment: Positive trading update & 2022 guidance
confirmed. Exploring new financing options
Press Release
Paris –
January
10th,
2023
Positive trading update
& 2022 guidance confirmed
Exploring new
financing options
TRADING UPDATE
FL Entertainment, a global digital entertainment
group, has enjoyed strong momentum across its two business lines
throughout 2022.
Content production & distribution saw a 25%
increase in the number of hours in its content catalog over 9M
2022. It has also successfully completed 12 bolt-on acquisitions of
highly-reputable production companies, both for non-scripted and
scripted content. This strategy creates economies of scale, expands
its geographic footprint and contributes to improved long-term
performance.
Online sports betting & gaming continues to
perform well, driven by the appeal of Betclic’s digital platform.
This was confirmed during the World Cup 2022 where Betclic
registered high double-digit growth in stakes versus Euro2020.
During 2022, Unique Active Players (UAP) also increased
considerably compared to 2021. Those solid trends are expected to
contribute to the Group’s continued growth in 2023.
CONFIRMATION OF 2022
GUIDANCEThanks to the positive momentum observed during
the year, combined with the Group’s leading positions in attractive
and growing segments of the entertainment industry, FL
Entertainment reconfirms its 2022 guidance.
EXPLORING NEW FINANCING OPTIONS
As a listed entity, FL Entertainment is
constantly reviewing capital markets opportunities that contribute
to the diversification of the Company’s sources of funding,
strengthen its capital structure and provide balance sheet
flexibility for the execution of its strategy.
In this context, the company is currently
assessing a potential convertible bond financing, subject to market
conditions.
As indicated at the time of its listing, FL
Entertainment also aims to expand its free float and stock
liquidity over time. This could include orderly sell-downs by some
of its shareholders as the first lock-up just expired in January
2023.
*****
This press release and related documents are
available on the Group’s website, in the “Investor relations”
section: https://fl-entertainment.com/investor-relations/
AgendaFY 2022 results: 16 March 2023
Investor Relations
Caroline Cohen – Phone: +33 1 44 95 23 34 –
c.cohen@flentertainment.com
Press Relations
Anne-France Malrieu - afmalrieu@image7.fr
About FL Entertainment
Founded by Stéphane Courbit, a 30-year
entertainment industry pioneer and entrepreneur, FL Entertainment
Group is a global leader in multimedia content and gambling,
combining the strengths of Banijay, the world’s largest independent
producer distributor, with Betclic Everest Group, the
fastest-growing online sports betting platform in Europe. In 2021,
FL Entertainment recorded through Banijay and Betclic Everest
Group, a combined revenue, and adjusted EBITDA, of €3.5bn and €609m
respectively. FL Entertainment listed on Euronext Amsterdam in July
2022.ISIN: NL0015000X07 - Bloomberg: FLE NA - Reuters: FLE.AS
Forward-looking statementsThis
communication contains information that qualifies as inside
information within the meaning of Article 7(1) of the EU Market
Abuse Regulation.
Forward Looking StatementsSome
statements in this press release may be considered “forward-looking
statements”. By their nature, forward-looking statements involve
risk and uncertainty because they relate to events and depend on
circumstances that may occur in the future. These forward-looking
statements involve known and unknown risks, uncertainties and other
factors that are outside of our control and impossible to predict
and may cause actual results to differ materially from any future
results expressed or implied. These forward-looking statements are
based on current expectations, estimates, forecasts, analyses and
projections about the industry in which we operate and management's
beliefs and assumptions about possible future events. You are
cautioned not to put undue reliance on these forward-looking
statements, which only express views as at the date of this press
release and are neither predictions nor guarantees of possible
future events or circumstances. We do not undertake any obligation
to release publicly any revisions to these forward-looking
statements to reflect events or circumstances after the date of
this press release or to reflect the occurrence of unanticipated
events, except as may be required under applicable securities
law.
Alternative performance
measuresThe financial information in this release includes
non-IFRS financial measures and ratios (e.g. non-IFRS metrics, such
as adjusted EBITDA) that are not recognized as measures of
financial performance or liquidity under IFRS. The non-IFRS
financial measures presented are measures used by management to
monitor the underlying performance of the business and operations
and, have therefore not been audited or reviewed. Furthermore, they
may not be indicative of the historical operating results, nor are
they meant to be predictive of future results. These non-IFRS
measures are presented because they are considered important
supplementary measurements of FL Entertainment N.V.'s (the
"Company") performance, and we believe that these and similar
measures are widely used in the industry in which the Company
operates as a way to evaluate a company’s operating performance and
liquidity. Not all companies calculate non-IFRS financial measures
in the same manner or on a consistent basis. As a result, these
measures and ratios may not be comparable to measures used by other
companies under the same or similar names. Further information on
the non-IFRS measures can be found in our [reference to
report].
DisclaimerNot for distribution
in the United States, Australia, Canada or Japan. The distribution
of this press release in certain jurisdictions may be restricted by
law. Persons who come into possession of this document are required
to inquire about, and comply with, potential local restrictions.
This document does not constitute an offer, or an invitation to
apply for, or an offer or invitation to purchase or subscribe for
any securities either in the United States or in any other
jurisdiction. Securities may not be offered, sold or delivered
within the United States, unless they are registered or exempt from
registration under the U.S. Securities Act of 1933, as amended. FL
Entertainment does not intend to register the offer detailed in the
press release, in whole or in part, in the United States, and nor
does it intend to carry out any public offer in the United
States.
Regulated information related to this
press release is available on the
website:https://fl-entertainment.com/investor-relations/https://fl-entertainment.com/
- FL Entertainment_PR_GB_01102023_001
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