Half Year 2026 Lottomatica Group SpA Earnings Call Transcript
Key Points
- Lottomatica Group SpA (LOTMY) reported a 14% increase in EBITDA for Q2 2026 on a reported basis, and a 17% increase on a normalized basis.
- The company's online segment showed strong growth, with a 21% increase in the semester at a reported level and 25% at the normalized level.
- EBITDA margins increased by two percentage points at the group level, driven by online profitability improvements.
- Lottomatica Group SpA (LOTMY) has consistently grown its market share in iSports, iGaming, and overall online segments.
- The company has maintained a strong focus on profitable growth, optimizing promotional strategies and customer acquisition efforts.
- The sports segment faced challenges in Q1 due to payout issues, impacting overall performance.
- Despite strong growth, the gaming franchise remained broadly flat in terms of adjusted EBITDA.
- The company had to stop its share buyback program temporarily due to regulatory approvals, affecting capital return execution.
- There is uncertainty regarding the retail concession framework, with potential delays in agreements and cash outflows.
- The company faces competitive intensity in the market, particularly during major events like the World Cup, which can impact market share dynamics.
Good morning, this is the course call conference operator. Welcome and thank you for joining the Lotomatica Group's H1 2026 results conference call.
As a reminder, all participants are in listen-only mode.
After the presentation, there will be an opportunity to ask questions.
Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on the telephone.
At this time, I would like to turn the conference over to Mr. Mirko Senesi, Head of IR of Lottomatica. Please go ahead, sir.
Thanks, operator, and good morning to everyone. Welcome to Lottomatica Q2 2026 results presentation. I'm here today with our CEO, Gugiel Mangelotti, and our CFO, Lawrence Valancer. Now the floor directly to Ugielmo for the presentation. Ugielmo, please.
Thanks, Mirco, and good morning to everybody. Let's
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