Lottomatica's shares jump after disclosing Online EBITDA target post Cirsa merger

Lottomatica SpA

07/09/2026 09:08

** Shares in Italy's Lottomatica LTMC.MI rise 5.9% after the betting firm specified its estimate for the contribution to its Online business from its proposed merger with Spanish peer Cirsa CIRSA.MC  
** The stock is currently the best performer on Italy's blue-chip index .FTMIB 
** Lottomatica expects to add EBITDA in a range of €200 million to €300 million ($232.36 million - $348.54 million) in its Online channel by three years after the closing of the deal, aimed at creating the world's second-largest listed gaming and sports betting firm
** Broker Intermonte estimates the incremental Online contribution would bring the pro-forma EBITDA to around €2.2 billion to €2.3 billion
** "The additional information shows a further value creation opportunity in the online business that was not included in the initial €101 million synergies target," Intermonte adds
** Cirsa's shares are also up 4.8%
** Lottomatica's stock gains 13% year to date
     
     
($1 = 0.8607 euros)

(Reporting by Enrico Sciacovelli)
((Enrico.sciacovelli@thomsonreuters.com))