Lottomatica Aims to Fortify Market Dominance Amidst Revenue Surge
Lottomatica Group’s CEO, Guglielmo Angelozzi, has outlined ambitious plans to “strengthen its leadership” in pivotal market segments, following a remarkable 12% increase in full-year revenue, amounting to €1.63 billion.
The gaming giant is particularly focused on enhancing its Online and Sports Franchise units, which have seen significant revenue upticks of 33% and 8%, respectively.
Robust Financial Performance and Strategic Acquisitions
The impressive revenue figures in these segments, totaling €520.8 million and €368.2 million, were accompanied by an adjusted EBITDA of €595.7 million, surpassing the revised July guidance of €570 million to €590 million.
The company also reported a 29% rise in adjusted net profit to €215.9 million and operating cash flows of €469.6 million.
Angelozzi expressed satisfaction with the company’s performance in 2023, emphasizing Lottomatica’s consolidated leadership across all segments and brands. The company’s strategy for 2024 is centered around reinforcing its dominant position in the Online and Sports Franchise segments through innovation in products and technology.
Additionally, Lottomatica plans to further develop its omnichannel model and efficiently manage its brand portfolio while focusing on the integration of SKS365.
Gratitude and Future Outlook
Angelozzi extended his gratitude to the Lottomatica team for their dedication, the Board members for their support, and the investors for their trust.
With a gross gaming revenue of €3.9 billion, marking a 6% year-on-year increase, Lottomatica is poised for continued growth and innovation in the gaming industry.
Our Comment on the Article
Lottomatica’s strategic initiatives and remarkable financial performance underscore the company’s commitment to maintaining and expanding its market leadership. The focus on product and technology innovation, along with the strategic acquisition of SKS365, signals Lottomatica’s proactive approach to adapting to the evolving gaming landscape.
As the company continues to build on its success, its dedication to enhancing the omnichannel experience and integrating new acquisitions will be pivotal in shaping its future trajectory and strengthening its position in the competitive gaming market.
