Lottomatica tops STOXX on 2026 earnings forecast, share buyback
03/03/2026 08:50
** Shares in Lottomatica LTMC.MI rise 5% after the Italian betting firm forecast higher 2026 earnings and proposed a share buyback of up to 12.5% of its share capital ** The company expects 2026 adjusted EBITDA of 940-980 million euros ($1.09-$1.14 billion), above 856 million euros reported for 2025 ** Equita says the results are "very solid" and confirm the group's growth momentum, noting 2026 EBITDA guidance is about 2% above its expectations at the mid-point ** The broker notes the stock trades broadly in line with peers based on 2026–2027 earnings multiples, but offers a "much better growth profile and regulatory stability", adding the results should support the shares ** The shares are on track for their best day since mid-November ** They sit on top of the pan-European STOXX 600 index .STOXX ($1 = 0.8597 euros) (Reporting by Laura Contemori) ((Laura.contemori@thomsonreuters.com))