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Lottomatica’s figures for the first quarter released

Recent financial figures for Gruppo Lottomatica SpA, an Italian lottery giant based in Rome, were revealed showing a 29% increase on revenues to €702.1 million in the first quarter of 2011 when compared to last year. Gruppo Lottomatica also released figures showing their income before tax, interest depreciation and amortisation for the 1st quarter showing a 29.7% increase over the same time last year to reach €255.9 million and a 29.3% increase to reach €152.7 million in operating income when compared to last year.

Stefano Bortoli, the Chief Financial Officer of Lottomatica commented “The first quarter of 2011 was the group’s best quarter to date in terms of revenues and earnings before interest, tax depreciation and amortisation.”

“Given the strong performance of Machine Gaming and Lotto in Italy in the quarter, we are raising our full-year revenues and earnings before interest, tax, depreciation and amortisation estimates to €2.8 to €2.9 billion and €890 to €910 million respectively and also improving our targeted net financial position.”

 GTECH G2, Lottomatica’s subsidiary made a 4.4% increase to €19.2 million in revenues compared to last year. Gaming Solutions, another Lottomatica subsidiary contributed with a 46.4% to €48.7 million when compared to last year.

Marco Sala, the Chief Executive Officer for Lottomatica commented “Our positive first quarter results further reinforce the momentum we experienced in the fourth quarter of 2010.”

“The fundamentals of our business are sound and sustainable. Investments and innovations are fueling our growth. Accordingly, we are revising our guidance for 2011 upward. In doing so, we believe that we have appropriately balanced our improving growth prospects with the work we have to do and the challenges we must overcome to achieve the new targets.”

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