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Lottomatica upbeat Trading Update and 2023 FY guidance blending well with IPO intentions
Lottomatica S.p.A, a leading player in the Italian gaming industry, updated the market yesterday with current trading results, 2023 fiscal year guidance and it's financial policy.
Guidance for 2023 fiscal year and market projections:
- Revenues of €1,570 – €1,670 million
- EBITDA of €550 – €570 million, with an Online EBITDA of at least €275 million
- Dividend pay-out of 30% of adjusted net profit subject to and effective from the date of Listing, the Company will have in place a dividend policy that will provide for a distribution of the dividends with a pay-out of 30% of the Group’s adjusted net profit
Source: Lottomatica
Interesting! Probably another crisis resilient business 😅
@mavix The gambling industry is very resilient. The major challenges there to navigate are always regulations.
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