Lottomatica sees annual sales up 7-8 pct/yr in 2007-2009 |
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Mon, 29 Jan 2007 09:55
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MILAN (AFX) - Lottomatica SpA said that it expects annual sales to rise an annual average of 7-8 pct over the next three years as the company seeks to maintain its global leadership in the gaming market.In a presentation of its 2007-2009 business plan, Lottomatica said 2007 revenues are forecast at 1.65-1.75 bln eur, while EBITDA is seen at 650-670 mln eur and EBIT reaching 415-435 mln.In the three-year period, EBITDA is expected to rise 8-9 pct on average, while capital expenditure will average 260-280 mln eur per year.The plan earmarked an annual dividend payout of 120-130 mln eur a year, it added.By 2009, net debt is expected to reach 2.2-2.4 bln eur, and the company is also seen having more than 500 mln eur in cash.'To maintain a global leadership position in the public gaming sector, we must continue to drive same-store sales growth, as well as acquire licensed lottery operations as they become available,' said CEO Bruce Turner.The company also plans to expand its instant ticket business and 'aggressively enter the sports betting and interactive market,' he added.The business plan comes after Lottomatica last year bought the US gaming technology and service company GTECH Corp.philip.webster@thomson.compw/icCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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