Lottomatica reports 12% revenue rise and greater market share

Lea Hogg February 29, 2024

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Lottomatica reports 12% revenue rise and greater market share

Lottomatica Group, under the leadership of CEO Guglielmo Angelozzi, (pictured above), has reported a significant 12 percent increase in its full-year revenue, reaching €1.63 billion. This growth underscores the company’s ongoing efforts to strengthen its leadership in key segments and expand its market share.

Year of growth and expansion

2023 was a remarkable year for Lottomatica, marked by substantial growth across all segments and brands. The company exceeded expectations set at its initial public offering (IPO) and subsequent upgrades, with revenues of €1.63 billion and an adjusted EBITDA of €596 million at normalized payout (€580 million actual).

Lottomatica’s Online and Sports Franchise units saw particularly impressive gains, with revenue jumping by 33 percent and 8 percent, respectively. These units brought in revenues of €520.8 million and €368.2 million, respectively, contributing significantly to the company’s overall financial performance.

The company’s adjusted net profit rose by 29 percent to €215.9 million, with operating cash flows of €469.6 million. Gross gaming revenue of €3.9 billion translated to a six per cent rise year-on-year.

Looking ahead and objectives for 2024

As Lottomatica moves into 2024, the company has set clear objectives to continue its growth trajectory. The company aims to strengthen its leadership position in both the Online and Sports Franchise segments through product and technology innovation. It also plans to further develop the omnichannel model while efficiently managing its portfolio of brands.

A key part of Lottomatica’s strategy for 2024 is the integration of SKS365, a significant acquisition that the company signed in 2023. This acquisition is part of Lottomatica’s broader M&A strategy, which has seen the company grow both organically and through strategic acquisitions.

In his statement, Guglielmo expressed his gratitude to all the Lottomatica people for their commitment in achieving these impressive results. He also thanked the company’s Board members for their continued support and the investors for their trust.

The strong financial performance of Lottomatica in 2023 and its clear objectives for 2024 highlight the company’s commitment to growth and expansion. As the company continues to strengthen its leadership and expand its market share, the future looks bright for Lottomatica.

———-Stop Press: The next SiGMA Africa Summit takes place in Cape Town between 11-13 March ! SiGMA Africa event kicks off in Cape Town, South Africa on the 11 March. Building on the success of its inaugural edition in Nairobi, Kenya, in January 2023, SiGMA Group recognizes the need to foster collaboration and innovation within the industry.