(Finance) – Lottomaticalisted on Euronext Milan and the largest operator on the Italian gaming market, announced some additional information in relation to the announcement published this morning regarding the operation for theacquisition of 100% of the share capital of SKS365.
In particular, as of today SKS365 estimates it will generate approximately 300 million euros in revenues and approximately 74 million euros in EBITDA in fiscal 2023. The transaction values SKS365 with i) an Enterprise Value of €639 million, equivalent to a 2023 EV/EBITDA multiple of 8.7x on a pre-synergies basis and 5.2x on a post-synergies basis ( calculated considering 74 million euros of EBITDA plus 50 million euros of cost synergies); it’s a equity value of 625 million euros considering a most recent available net financial debt of 14 million euros.
“As the deal’s finalization date approaches, Lottomatica will incorporate SKS into 2024 guidance which will be made known to the market in due course”, it is underlined.