FDJ warns of the fallout from coronavirus
US, WASHINGTON (ORDO NEWS) — FDJ warned on Friday that its financial results would be penalized by the coronavirus epidemic, in particular due to the containment measures implemented by the government which dissuade its customers from going to tobacco shops and cafes.
The group also feels the effects of the cancellation of sports competitions which has a direct impact on its Arizona sports betting
activities, amongst other betting activities.
FDJ anticipates a loss of turnover of around 120 million euros and an Ebitda (profit before taxes, taxes, depreciation, and amortization) of around 50 million for its sports betting activities.
When sports activities start back up there will be a huge influx of people wanting to go see these different games and start placing bets depending on the season. Now is the time to do your reasearch on deciding welche Sportwetten App ist die beste (which sports betting app is the best) ahead of the seasons starting. However, there will still be restrictions in place that will limit the number of people being able to go and see their sports teams playing. So, because of this many will be watching from home and placing bets online once again with the use of websites like https://casinomartini.com/ca/new-casinos/ so they can still take part in the ‘moment’.
As of now, there has been a decline, which is applicable to many different businesses in all sectors due to the coronavirus. When things pick back up there will be another leap in shares/stocks that could prove hopeful for these businesses who are suffering like FDJ.
The group also postponed to June 30 the general meeting of its shareholders initially scheduled for April 22.
Since January 1, the stock has lost 22.35% of its value. The FDJ stock also posted a 5.1% decline since the group’s IPO on November 21.
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