Taking advantage from its strategy focused on European B2B operations in sportsbetting, France Pari Group (gathering its companies in France and Spain) has increased its net result from €1.1 Million in 2016 to €1.7 Million in 2017.
Group EBITDA has also grown up 54% YOY from €1.5 Million in 2016 to 2.3 Million in 2017
Most of its profitability is driven by SPORTNCO, its B2B division. However, B2C operations in France and Spain (SUERTIA) have also turned profitable taking advantage of good GGR rate generated by SPORTNCO trading and risk management tools.
The migration of SUERTIA to SPORTNCO sportsbook during spring 2017 has also lead to a wider betting offer on its website and thus to a growth in its GGR.
SPORTNCO development in Spain has been successful with 2 new white label deals signed end of 2017. The related sportsbetting websites will be launched before FIFA World Cup.
The company anticipates new B2B deals to be signed in 2018 in European countries, but also potentially in Africa and Latin America, where SPORTNCO is currently in negotiations.
“2017 results make all our teams very proud of this achievement” says Hervé SCHLOSSER, founder and CEO of FRANCE PARI Group. “Not only does it validate our strategy, but it also strengthens our ability to invest, in R&D but also in other company acquisitions, following the success of the integration of SUERTIA in our Group.”