(Alliance News) - Lottomatica Group Spa reported Tuesday that it closed the first quarter with inflows of EUR8.7 billion, up 20 percent from EUR7.3 billion as of March 31, 2023.

Revenues in the period stood at EUR440.1 million, up 4.0% to EUR422.3 million in the previous year.

Adjusted Ebitda as of March 31 was EUR149.5 million, down 4.0% to EUR155.8 million in 2023.

Profit is EUR30.1 million from EUR43.7 million as of March 31, 2023.

Net debt as of March 31 was EUR1.22 billion, which is equivalent to leverage calculated on an LTM run rate adjusted Ebitda basis of 2.1x.

Looking ahead, guidance for fiscal year 2024 forecasts revenues in the range of EUR1.02 to 2.06 billion and adjusted Ebitda of EUR680 to 700 million.

Guglielmo Angelozzi, chief executive officer of Lottomatica Group, commented, "In the first quarter of 2024 we continued our organic growth path, also thanks to a market trend that continues to be very positive, with revenues and Ebitda showing double-digit year-on-year growth at normalized payout."

"We successfully completed the acquisition of SKS365 in April 2024 and consequently updated guidance, and we continue to work on a robust bolt-on M&A pipeline."

By Claudia Cavaliere, Alliance News reporter

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