Guglielmo Angelozzi, CEO of Lottomatica Group, said that 2024 marked “an outstanding year” for the group as it shared its financial results for the year.
€39.2bn of bets were placed, a year-on-year increase of 30 per cent, with online bets increasing 51 per cent.
Revenues came to €2bn, a year-on-year increase of 23 per cent. Of that, €780.2m came from online, €460.8m came from sports franchise and €763.7m came from gaming franchise.
“We exceeded expectations set at the beginning of the year and subsequent upgrades, with revenues of €2bn and Adjusted EBITDA of €739m at normalised payout (€707m actual), an increase of 24 per cent compared to FY 2023,” said Angelozzi.
“We continued to grow both organically and through M&A, with the acquisition of PWO and executing our bolt-on strategy.
“Our objectives for 2025 are to strengthen our leadership position in all segments through product and technology innovation, further develop the omnichannel model while managing efficiently the retail to online transition that is occurring in the market.
“In light of our strong balance sheet and cash flow generation, we requested the authorisation for a buyback in order to have an additional tool readily available for capital returns, which will compete for excess cash with M&A and other capital allocation opportunities, with a view to maximise shareholder returns.”
