Lottomatica names new directors ahead of FTSE MIB entry
The Italian gambling operator will replace Pirelli in the list of top Milan-traded companies.
Italy.- Lottomatica has appointed two new independent directors ahead of the company’s entry to the FTSE MIB list of Milan-traded companies later this month. Tiziana Togna and Fabrizio Virtuani have joined the board, completing a renewal that began earlier in the year.
Both have been appointed until the next shareholders’ meeting in April 2026, when the full board is due to be renewed. The new appointments have led to a restructuring of internal committees. The Related Parties and Risk and Control Committees have been expanded from three to four members, with Togna to sit on the former and Virtuani on the latter.
Augusta Iannini, who chairs the Related Parties Committee and sits on the Risk and Control Committee, now also has duties on the Nomination and Remuneration Committee.
Earlier in the year, former chairman Andrea Moneta and non-executive directors Michele Rabà, Michael Saffer and Yulia Shakhova stepped down, while Laurence Van Lancker and Alessandro Fiumara were appointed as executive directors in July.
Lottomatica to join FTSE MIB
Lottomatica will enter the FTSE MIB, the index of the 22 leading companies on the Milan Stock Exchange, from September 22. It will replace the tyre maker Pirelli.
The gambling operator’s stock performance has stood out since its listing in May 2023, with its share price rising from €9 per share to €22.50 per share today. Major institutional investors now included Fidelity, which holds 10 per cent, Capital Research (5 per cent), Morgan Stanley (4.6 per cent), and Norges Bank (3 per cent).
In July, Lottomatica reaffirmed its plans to seek more acquisitions to drive further expansion following a strong financial performance in the first half of 2025. Revenue for the six months ending 30 June reached €1.12bn, marking a 13 per cent increase year-on-year.
Adjusted EBITDA was up by a third at €422m while net profit attributable to Lottomatica jumped 215 per cent to €64.8m. Online operations led the charge, generating €463m in revenue, a rise of 37 per cent from H1 last year.
Sports betting revenue climbed 31 per cent to €279m, largely fueled by the ongoing integration of its SKS365 acquisition, which was completed in April of last year and has since been rebranded as PWO. Gaming hall revenue edged up 2 per cent to €386m, with most of the growth in Q2.
Lottomatica’s acquisition of SKS365 for €639m in April 2024 were instrumental in boosting its market position. It’s also absorbed the land-based brand BetFlag. It now has an estimated 30.5 per cent share of Italy’s online gambling market, competing fiercely with Flutter Entertainment, which has Sisal, Betfair, and SNAI in Italy.
For full-year financials, Lottomatica projects revenue between €2.32 and €2.37bn and adjusted EBITDA ranging from €840 to €870.6m.
https://focusgn.com/lottomatica-names-new-directors-ahead-of-ftse-mib-entry