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Write-downs and costs impact Lottomatica’s bottom line

8th February 2011 9:41 am GMT

Italy’s Lottomatica Group said Monday that it expects to record lower than expected net profit for the full 2010 year, primarily as a result of impairment losses worth approximately €51m associated with its GTECH G2 interactive division.

Lottomatica said that its preliminary 2010 results were in accordance with full-year guidance, with revenues increasing 6 per cent to €2.3bn for the year ended December 31st, following growth across all business segments.

The company generated EBITDA of approximately €812m, [...]

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