Casinos OnlineNewsLottomatica Group Achieves Impressive Growth in Key Metrics, Driven by Online Segment
The Board of Directors of Lottomatica Group S.p.A. has approved the Condensed Consolidated Interim Financial Statements for the nine months ended 30 September 2023. The company has achieved impressive growth in various key metrics, demonstrating its strong performance in the market.
The Online segment has been a major driver of growth for Lottomatica Group. In the first nine months of 2023, the segment recorded bets of €11.5 billion, a remarkable 37% increase compared to the same period in 2022. Revenues from the Online segment reached €374.0 million, a significant 30% increase compared to 9M 2022. The Online segment has also achieved market share growth across all product segments and brands.
The Sports Franchise segment reported revenues of €277.4 million in 9M 2023, a 10% increase compared to the same period in the previous year. The Gaming Franchise segment recorded revenues of €543.5 million, a 3% increase compared to 9M 2022. Although the Gaming Franchise segment experienced a slight decrease in revenues in Q3 compared to Q3 2022, this was primarily due to the removal of Covid-related restrictions.
Lottomatica Group has confirmed its guidance for fiscal year 2023, with expected revenues of €1,630 - 1,690 million and Adjusted EBITDA of €570 - 590 million. The Online segment is expected to contribute approximately 50% of the Adjusted EBITDA. The company also provided details on recurring capex, concession capex, and one-off growth capex.
Guglielmo Angelozzi, Chief Executive Officer of Lottomatica Group, expressed satisfaction with the company's performance in the third quarter and its progress towards achieving the fiscal year 2023 guidance. He emphasized the company's focus on organic and M&A growth as part of its strategic plans.
Lottomatica Group has delivered strong financial results for the first nine months of 2023, with significant growth in key metrics. The company's Online segment has been particularly successful, achieving market share growth and driving overall revenue growth. With its confirmed guidance for fiscal year 2023 and strategic focus on organic and M&A growth, Lottomatica Group is well-positioned for continued success in the future.
