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The latest update is out from Lottomatica Group S.P.A. ( (IT:LTMC) ).
Lottomatica Group S.p.A. reported its best-ever Q1 results with an adjusted EBITDA of €220 million, marking a 47% year-over-year increase. The company announced a €500 million share buyback starting in June and completed a refinancing that resulted in significant interest savings. Additionally, Lottomatica’s credit rating was upgraded, reflecting its strong financial performance and strategic growth initiatives.
More about Lottomatica Group S.P.A.
Lottomatica Group S.p.A. operates in the gaming and betting industry, offering a range of products and services including online betting, sports franchises, and gaming franchises. The company focuses on expanding its market share in the online and iGaming sectors.
Average Trading Volume: 545,435
Technical Sentiment Signal: Buy
Current Market Cap: €5.09B
Learn more about LTMC stock on TipRanks’ Stock Analysis page.