Brief: Lottomatica FY Net Profit Down To EUR 74.2 Mln

Lottomatica SpA

29/02/2024 06:59

Feb 29 (Reuters) - Lottomatica Group SpA  LTMC.MI :
    * FY REVENUE EUR 1.63 BILLION VERSUS EUR 1.39 BILLION YEAR AGO
    * FY NET PROFIT EUR 74.2 MILLION VERSUS EUR 78.4 YEAR AGO
    * PROPOSES DIVIDEND OF 0.26 EUR PER SHARE
    * NET FINANCIAL DEBT OF €1,248.7 MILLION EQUIVALENT TO 2.1X ON RUN RATE
ADJUSTED
EBITDA
    * FY ADJUSTED EBITDA OF €595.7 MILLION AT NORMALISED PAYOUT ABOVE €550 –
€570
MILLION OF IPO GUIDANCE AND €570 – 590 MILLION OF UPGRADED GUIDANCE IN JULY
    * SEES IN 2024 (EXCLUDING SKS365 AND RELATED SYNERGIES) REVENUE AT EUR
1,800-1,845
MILLION, ADJUSTED EBITDA AT EUR 625-645 MILLION
    * SEES IN 2024 (EXCLUDING SKS365 AND RELATED SYNERGIES) RECURRING CAPEX AT
EUR
70-75 MILLION
    * UPDATED GUIDANCE WILL BE PROVIDED AFTER CLOSING OF SKS365 ACQUISITION,
WHICH IS
EXPECTED TO OCCUR DURING H1 2024


Further company coverage:  LTMC.MI 

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