Lottomatica lifts FY adjusted EBITDA forecast, Q2 core profit up 17%
30/07/2024 07:10
July 30 (Reuters) - Italian betting firm Lottomatica
LTMC.MI on Tuesday lifted its full-year forecast on adjusted
core profit (EBITDA) between 700 and 730 million euros
($757.61-790.08 million) from a 680-700 million euros range on
the back of strong organic growth in Q2.
The Rome-based gambling firm's second-quarter adjusted core
profit came in at 167.8 million euros, up 17% year-on-year.
"In light of the strong performance, the delivery in cost
synergy realisation, and expected bolt-on acquisitions, we
upgrade our guidance for FY 2024," CEO Guglielmo Angelozzi said
in a statement.
($1 = 0.9240 euros)
(Reporting by Romolo Tosiani; Editing by Eileen Soreng)
((Romolo.Tosiani@tr.com;))