CEO of Lottomatica Group, Guglielmo Angelozzi, has confirmed the company will begin its the buyback programme of up to €500m following a record quarter.
Total bets for the quarter ending March 31, 2025, reached €11.2bn, a 28 per cent increase year-on-year. Gross gaming revenue (GGR) reached €1.2bn, a 21 per cent increase year-on-year.
Adjusted EBITDA was €220.5m, an increase of 47 per cent.
“We are off to a great start of the year, registering our best Q1 results ever and paving the way for a successful 2025,” said Angelozzi. “The integration of PWO proceeds at speed and additional synergies have been identified.
“Market trends support our organic growth path, and we feel confident in the strength of our business, even against the current macroeconomic environment. Also, we have successfully completed the refinancing for an amount of €1.1bn, resulting in material interest savings.
“Finally, in light of our strong balance sheet and cash flow generation, we will start the buyback programme of up to €500m in the next 18 months, which will continue to compete with M&A and other capital allocation opportunities, with a view to maximise shareholder returns.”
