The Italian operator is anticipating that its IPO will generate €425m (£376m/$467m), primarily to finance debt. The exact number of new and existing shares to be offered by Apollo Global Management has yet to be confirmed. The joint global coordinators and bookrunners for the flotation are Barclays, Deutsche Bank, Goldman Sachs, JP Morgan, and UniCredit.
In its preliminary trading update for Q1 2023, Lottomatica stated that its revenues are expected to range between €421m and €423m, which represents a year-on-year increase of 19% to 20%. The company’s adjusted EBITDA is projected to reach €155m to €156m, propelled by a 40% surge in online revenues. This growth includes the acquisition of online casino and sports betting operator Betflag in November. Lottomatica reconfirmed its full-year EBITDA expectations of €550m to €570m, with online EBITDA of at least €275m and a turnover of €1.57bn to €1.67bn.
For its 2022 financial year, Lottomatica reported a net profit of €79.3m, reflecting a remarkable 72.8% increase in revenue. This marked the operator’s first full 12 months of operation as a stand-alone business following Apollo’s acquisition of Lottomatica-branded B2C operations from IGT in June 2021.
