Lottomatica sees rise in 2013 results

MILAN, March 12 Tue Mar 12, 2013 12:49pm EDT

MILAN, March 12 (Reuters) - Italy's Lottomatica, one of the world's largest gaming companies, forecast on Tuesday a rise in 2013 core profits and revenues, underpinned by its video lottery business in Canada.

It forecast a 2013 EBITDA rising to 1.050-1.070 billion euros from 1.032 billion euros in 2012, while revenues are expected to rise to 3.200-3.300 billion euros from 3.076 billion euros.

The company proposed the payment of a 2012 dividend of 0.73 euros per share, against 0.71 euros paid on its 2011 results.

Lottomatica said it would invest 350-380 million euros in the year with net debt falling to 2.470-2.530 billion euros from 2.546 billion euros. It said debt reduction remained a priority for the group. (Reporting By Danilo Masoni, editing by Stephen Jewkes)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.