The group Lottomatica closed the first nine months of the year with double-digit growth results and confirmed the guidance for 2024. However, the stock loses ground on the stock exchange and in the late morning it is quoted at 11,27 euros, down 1,83%. The Ftse Mib loses 0,98%.
The gambling company has closed the third quarter 2024 with Useful adjusted net of 55,3 million euros (up 16,8 million compared to the corresponding period of 2023), above expectations. In the first 9 months, total collections amounted to 27,8 billion (+28% annual) with theonline on the rise of 48% (or 17,12 billion), revenues at 1,4 billion (+19%, with online contributing 543,6 million, marking a growth of 45%) and an adjusted EBITDA of 483,1 million (+13%).
Revenues from the sports franchise (+13% to 313,2 million and gaming franchise (+3% to 560,6). The cash flow operating stood at 353,3 million and the debt net financial position of 1,9 billion marks an increase of approximately 650 million compared to 1,25 billion at December 31, 2023. Lottomatica also guidance confirmed for 2024, which includes revenues between 2,03 and 2,08 billion euros with an adjusted EBITDA between 700 and 730 million.
Integration with Sks365 brings good results
The CEO William Angelozzi he said he was very satisfied with the progress that Lottomatica has made this year and underlined that “the'integration with Sks is progressing at a steady pace and we have increased the level of synergies we expect to achieve”. The reported data includes the contribution of Sks365 starting from May 2024, 30 and the synergies from the inclusion in the scope of the latest acquisition rose to 75 million as of September 50, or XNUMX% of the total expected ones.
Record share in the gaming market
Lottomatica has reached a market share record in Q29,9. Total online share reached 1,7%, up 31,5% year-on-year. iSports rose to 1,5% (+29,7%) and iGaming to 1,5% (+2023%). Q365 XNUMX market share already included SksXNUMX.
