Lottomatica Group CEO Guglielmo Angelozzi said the company wants to “strengthen its leadership” in key segments as it reported a full-year revenue rise 12 per cent to €1.63bn.
Guglielmo said Lottomatica is seeking further gains in its Online and Sports Franchise units, where revenue jumped by 33 per cent and eight per cent, respectively.
Revenues of €520.8m and €368.2m in the segments, respectively, was matched by adjusted EBITDA of €595.7m, above the upgraded guidance in July of between €570m and €590m.
Adjusted net profit rose 29 per cent to €215.9m, with operating cash flows of €469.6m.
Guglielmo said: “2023 marked a very strong year for our group, in which we consolidated our leadership position across all segments and brands.
“We exceeded expectations set at IPO and subsequent upgrades, with revenues of €1.63bn and adjusted EBITDA of €596m at normalised payout (€580m actual).
“We continued to grow both organically, increasing market share for the fifth quarter in a row, and through M&A, signing the acquisition of SKS365 and executing our bolt-on strategy.
“Our objectives for 2024 are to strengthen our leadership position in both the Online and Sports Franchise segments through product and technology innovation, further develop the omnichannel model while managing efficiently our portfolio of brands and focus on the integration of SKS365.
“I wish to thank all the Lottomatica people for their commitment in the achievement of these amazing results, our Board members for their continued support and our investors for their trust.” Gross gaming revenue of €3.9bn translated to a six per cent rise year-on-year.
