LOTTOMATICA GROUP S.P.A. Aktie

Lottomatica shares rose 8.8% to €26.40 after the company published additional details about the planned share transaction with Cirsa. Lottomatica forecasts incremental online EBITDA on a run‑rate basis of €200–300m by the third year after closing—an effect that was not included in the originally communicated synergies. Clarity on the earnings potential restored investor confidence and drove the stock to the top of the FTSE MIB, while the broader European market remained weak. » More on de.investing.com

Cirsa and Lottomatica have notified the Spanish regulator of a binding all‑share merger that would create a pro‑forma EBITDA of around €2bn. Cirsa shareholders are being offered 0.668 new Lottomatica shares for each Cirsa share; Lottomatica shareholders would keep about 67.5% of the combined company, and Cirsa will receive a special dividend of around €262m (~€1.56 per share) before closing. Blackstone backs the transaction; expected cash synergies are estimated at €115m pre‑tax by the third full year after closing, and the group is targeting up to €4bn in total returns for shareholders. » More on de.investing.com

Lottomatica reports normalized adjusted EBITDA of €253m for Q1 2026 (+22% year‑on‑year) on revenues of €623m (normalized +10%), which pushed the stock up roughly 6.5%. The online business saw strong growth and materially improved the segment margin, while sports betting suffered from unfavorable payout ratios. The company lowered financing costs by placing €765m of senior secured notes, improved its debt profile and plans shareholder distributions of up to €1bn in 2026–2027, including a dividend of €0.44 per share. Lottomatica confirms its positive full‑year outlook and targets adjusted EBITDA at the upper end of the €940–980m range, but still cites regulatory and market risks. » More on de.investing.com