Italy’s Lottomatica Group said Thursday that net income soared by more than 350 per cent to €205.8m for the 2011 year, following a strong revenue performance which exceeded the company’s expectations.

Last May, Lottomatica already raised its revenue forecast for the full year to between €2.8bn and €2.9bn, and EBITDA between €890m and €920m.

Following on from its preliminary results released last month, Lottomatica confirmed yesterday revenue growth of 29 per cent to €2.97bn for the full 2011 year, with EBITDA up by 20 per cent to €970.4m.

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