Italy's Lottomatica reports higher Q1 results, starts selling bonds
Reuters
23-05-16 13:15
Italian gambling firm, Lottomatica, confirmed its 2023 guidance and reported higher Q1 net profit and revenues. Net profit rose from €34.6m ($38.1m) to €46.4m and revenues increased from €355.7m to €424.8m. Lottomatica is selling €1.115bn in bonds due in 2028, the proceeds of which will fund the redemption of notes due in 2025 and fund costs relating to its recent listing.