U.S. News

Lottomatica Says Full-Year Sales Will Probably Rise as Much as 8%


Lottomatica, the operator of Italy's national lottery, said Monday it expects sales in 2007 to rise by as much as 8%.

Sales will probably be in the range of 1.65 billion euros to 1.75 billion euros ($2.13 billion to $2.26 billion), the company said in a statement.

Full-year earnings before interest, taxes, depreciation and amortization will probably be in the range of 650 million euros to 670 million euros ($839.9 million to $865.8 million) with growth of 8% to 9%, the company said.

"Our strategic goals over the next three years are to drive growth and maintain our global leadership position in the public gaming markets, to pursue international and domestic value-accretive growth opportunities," said Lottomatica Chief Executive Bruce Turner.

Lottomatica last year acquired U.S.-based Gtech, a provider of lottery systems and services.

Shares in Lottomatica dipped 2.4% to 32.73 euros ($42.29) in Rome.