Lottomatica Group, the parent company of Spielo International, reported strong financial results during the third quarter of the year.
For the three months to September 30, the group recorded record revenues totalling €740.9m, compared to €552.2m in the third quarter of 2010, up 34.2 per cent. Product sale revenues grew 35.8 per cent to €53m.
EBITDA, meanwhile, was €237m in the third quarter, up 18.7 per cent compared with €199.7m in the same period last year.
Revenues at Spielo International, however, fell from €59.8m in the third quarter last year, to €45.6m. This, the company said, could be attributed to product sale cyclicality.
Marco Sala, Lottomatica’s CEO, said the company was “encouraged” by the positive trends in the group’s business fundamentals.
