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Lotto24 posts maiden annual profit in 2017

6th February 2018 6:54 am GMT

Frankfurt-listed lottery operator Lotto24 recorded a maiden profit for 2017, despite seeing revenue decline by 10 per cent during the final quarter of the year.

The company said that results were impacted by an exceptionally weak jackpot situation during the second half of 2017, with Q4 billings and revenue down 5 per cent and 10 per cent respectively to €56.2m and €6.5m.

However, a strong first half period helped Lotto24 post a 10 per cent increase in billings [...]

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