Ciao Bella, High-flying Lottomatica Announce €65m Dividend On “Amazing” FY23
It’s all coming up Amore for Italian iGaming leader Lottomatica following their stock market launch on the Milan Euronext exchange in May last year.
The company’s share price has surged 35 percent since the listing and now–after an outstanding Financial Year 2023, in which they have affirmed their online dominance, 21 percent of the total Italian market–they have announced a €65.4 million (£55.95m) dividend for stockholders; the equivalent of €0.26-per-share.
Lottomatica reported a 17 percent, year-on-year, rise in revenue in 2023, to €1.63 billion (£1.39bn).
According to the company’s latest results, iGaming grew by 3.7 percent in the year just gone; while online sports wagering also rose, by 4.2 percent.
Flutter Entertainment-owned Sisal, with a 20 percent Italian online market share, remains their only serious native competitor.
Omnichannel
Lottomatica’s EBITDA grew 17 percent, year-on-year, to €595.7 million (£509.9m) and net profit increased by 29 percent to €215.9 million (£184.8m).
“We continued to grow both organically and through m&a,” said Lottomatica CEO Guglielmo Angelozzi, referring to the company’s €639 million (£546.96m) acquisition of Italy-facing Omnichannel SKS365 Malta Holdings last November.
“Our objectives for 2024 are to strengthen our leadership position in both the online and sports franchise segments through product and technology innovation, and further develop the Omnichannel model [and] integration of SKS365.
“I wish to thank all the Lottomatica people for their commitment in the achievement of these amazing results, our Board members for their continued support and our investors for their trust,” added Angelozzi.
Lottomatica is predicting revenue in the region of €185 billion (£158.35bn) for 2024.
