Revenues looking better at French gambling group

The French online and land gambling group Pari Mutuel Urbain (PMU) has posted its first positive year-on-year annual revenue increase since 2011, reporting provisional operating revenue of Euro 9.92 billion in Full Year 2017 – a rise of 2 percent over the preceding year.

French turnover on racing rose 0.9 percent, but sports turnover declined due to a paucity of international football events.

The company’s international division reported revenues up 10 percent.

Interim CEO Alain Resplandy-Bernard, said:

“The implementation of the PMU’s strategic plan is beginning to bear results and in 2017 the PMU returned to the path of growth. Our objective in 2018 is to continue growth across all sectors of the business and to permanently cross back over the threshold of Euro 800 million in net profit.”

He added that PMU employees are ready to meet the challenge and ensure sustainable growth for the business.