Lottomatica expects 2025 profit of 860 million euros
04/11/2025 07:06
Nov 4 (Reuters) - Italian betting company Lottomatica LTMC.MI on Tuesday said that its adjusted core profit for 2025 would be 860 million euros ($1.00 billion), in the upper end of its previous guidance. It had previously guided for its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to come in a 840-870 million euro range this year. The company, which in September joined .FTMIB Milan's blue-chip index, also said in now expects its 2025 revenue at around 2.27 billion euros, down from previously guided range of 2.32-2.37 billion euros. Its third-quarter core profit rose 18% to 194.9 million euros, above the 193 million seen in company-compiled consensus, cited by Equita brokerage. "We continue to see solid drivers of growth supported by market tailwinds in online, continued improvement in our cash flow conversion and growth," chief executive Guglielmo Angelozzi said in a statement. ($1 = 0.8575 euros) (Reporting by Romolo Tosiani in Gdansk; Editing by Anna Pruchnicka) ((Romolo.Tosiani@tr.com;))