The group lottery, one of the main operators in the Italian gaming and betting sector, closed the first nine months of 2023 with revenues increasing by 12% compared to the same pro forma period of 2022, equal to approximately 1,2 billion. In particular, online revenues amounted to 374 million (+30% pro forma). TO business square, where Lottomatica debuted last May on Euronext Milan, the stock is trading at 8,93 euros, down by 0,045%.
Lottomatica, which belongs to the English private equity fund Apollo, recorded a adjusted EBITDA to 426,4 million, up 15% pro forma (+25% reported), while lfinancial debt net amounted to approximately 1,24 billion. Previously Lottomatica was listed on the Star segment of the Italian Stock Exchange, then with the entry of the Apollo fund it left it.
“In this third quarter we strengthened our leadership position and our Online business continued to grow in market share across all product segments and brands,” he said. William Angelozzi, CEO of Lottomatica Group. “We confirm the our guidance for 2023 and ours strategy of organic growth and through M&A".
Here are the numbers guidance confirmed for the 2023 financial year: revenues at 1.630 – 1.690 million, Adjusted EBITDA at 570 – 590 million, approximately 65 million for recurring investments, approximately 45 million for concessions, approximately 30 million one-off for growth and approximately 35 million for potential deferred payments.
