Lottomatica readies IPO as 2022 revenue hits €1.4bn

Finance News

The stock exchange listing process for Lottomatica Group has started. The shareholders’ meeting of the group active in the Italian gaming market approved the launch of the process of listing the company’s ordinary shares on Euronext Milan, a regulated market organized and managed by Borsa Italiana.

The free float necessary for listing, a note specifies, will derive from an offer reserved exclusively for qualified and institutional investors. The envisaged Offer and the related timing will be subject to market conditions and the admission to listing by Borsa Italiana, as well as the authorization for publication of the prospectus by Consob.

In the meantime, the group’s Board of Directors approved the 2022 budget, a period in which the betting turnover reached 22.8 billion euros, while revenues amounted to 1.4 billion and the ebitda reached 460 million. 

Furthermore, through a note, the group announced that, in consideration of the acquisition of Betflag and the synergies implemented during the year, the pro forma Ebitda amounts to 518 million , excluding 6 million of synergies deriving from the acquisition of Betflag , already identified and in the implementation phase. Operating cash flow is $391 million.