Italian betting firm Lottomatica sees higher 2026 earnings
03/03/2026 06:42
March 3 (Reuters) - Italian betting firm Lottomatica LTMC.MI forecast 2026 adjusted core earnings (EBITDA) of 940 million euros to 980 million euros ($1.10 billion to $1.14 billion), above last year's 856 million euros. These are the first annual results to fully incorporate the impact of Lottomatica's 639-million-euro acquisition of rival SKS365, which was aimed at creating a dominant betting operator in Italy. "2026 will be a year of further consolidation and evolution, we will continue our strategy of organic growth and targeted bolt-ons," CEO Guglielmo Angelozzi said in a statement. The Rome-based gambling company sees 2026 revenue in a range of 2.39-2.46 billion euros. It proposed to buy back up to 12.5% of its share capital over the next 18 months. Adjusted 2025 net profit grew 45% to 369 million euros. Adjusted fourth-quarter EBITDA rose 7% to 239 million, while revenue grew 5% to 615 million euros. Lottomatica pledged to pay a dividend of 0.44 euros per share from last year's earnings. ($1 = 0.8574 euros) (Reporting by Romolo Tosiani in Gdansk; Editing by Milla Nissi-Prussak) ((Romolo.Tosiani@tr.com;))