Lottomatica Group S.p.A.

BIT:LTMC Stock Report

Market Cap: €6.1b

Lottomatica Group Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Guglielmo Angelozzi

Chief executive officer

€4.0m

Total compensation

CEO salary percentage29.17%
CEO tenure11.8yrs
CEO ownershipn/a
Management average tenureno data
Board average tenure3yrs

Recent management updates

Recent updates

Narrative Update Apr 26

LTMC: Rising Street Confidence In 2026 Cash Returns Will Support Upside

Analysts have nudged the fair value estimate for Lottomatica Group to €29.82 from €29.51, citing a series of recent price target increases across major banks as support for slightly higher growth, profitability and P/E assumptions. Analyst Commentary Recent price target moves on Lottomatica Group cluster in the mid to high €20s, with one target at €33, which helps explain the modest uplift in the fair value estimate to €29.82.
Narrative Update Apr 11

LTMC: 2026 Guidance And Capital Returns Will Underpin Balanced Risk Reward

Analysts have nudged the average price target on Lottomatica Group higher to €29.51, a move of about €0.19, supported by a series of recent target increases and broadly positive research updates from major banks. Analyst Commentary Recent research updates cluster around higher price targets for Lottomatica Group, with most covering banks adjusting their numbers upward and one trimming its view before later nudging it higher again.
Narrative Update Mar 27

LTMC: Updated 2026 Guidance And Capital Returns Will Support Further Upside

Analysts have nudged the average price target for Lottomatica Group higher to around €29, reflecting a series of modest target lifts to €26.40, €29 and €33, supported by updated assumptions around discount rates and future P/E levels. Analyst Commentary Recent Street research around Lottomatica Group centers on a cluster of small price target revisions, with most analysts keeping positive ratings while fine tuning their assumptions.
Narrative Update Mar 13

LTMC: Higher Fair Value And 2026 Dividend Outlook Will Support Upside

Analysts have raised their implied fair value estimate for Lottomatica Group from about €28.44 to roughly €29.32. This reflects updated assumptions on revenue growth, profit margins and forward P/E that are in line with recent Street price target increases to €26.40, €29 and €33.
Narrative Update Feb 25

LTMC: Updated Board Calendar And Earnings Outlook Will Support Future Upside

The analyst price target for Lottomatica Group has been reduced by €0.81 to €26.30, as analysts factor in updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E expectations. Analyst Commentary Bullish Takeaways Bullish analysts are still using a price target of €26.30, which implies room for upside versus the current fair value assumptions embedded in their models.
Narrative Update Feb 10

LTMC: Board Schedule And Steady Assumptions Will Support Future Upside Potential

Analysts have slightly adjusted their price target for Lottomatica Group, citing refined assumptions around the discount rate, revenue growth at 5.63% and profit margin at 16.44%, along with a future P/E of 23.34x. Together, these inputs feed into a fair value indication of €28.50 per share.
Narrative Update Jan 27

LTMC: Higher P/E Confidence And Earnings Visibility Will Support Future Upside

Analysts have slightly adjusted their view on Lottomatica Group, with a marginally lower fair value estimate alongside a higher Street price target to €27.24. This reflects updated assumptions on discount rate, revenue growth, profit margin and future P/E multiples.
Narrative Update Jan 12

LTMC: Higher P/E Assumptions Will Support Upside As Earnings Visibility Improves

Analysts have lifted their price target on Lottomatica Group to €27.24 from €22.44, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E that are now slightly different from prior estimates. Analyst Commentary Bullish Takeaways Bullish analysts view the raised target of €27.24 as support for a higher valuation, based on updated assumptions for discount rate, revenue growth, profit margin and future P/E.
Narrative Update Dec 27

LTMC: Higher Earnings Multiple Will Drive Upside As Earnings Visibility Strengthens

Narrative Update Lottomatica Group's analyst price target has been raised from EUR 22.44 to EUR 27.24. This reflects analysts' increased confidence in the company following supportive research highlighting its favorable risk reward profile and sustained earnings potential.
Narrative Update Dec 13

LTMC: Higher Earnings Multiple Will Drive Future Upside Potential

Narrative Update on Lottomatica Group Analysts have modestly raised their price target on Lottomatica Group to approximately EUR 27.24 from around EUR 22.44. This reflects a slightly higher fair value estimate and future earnings multiple, despite only marginal adjustments to discount rate, revenue growth, and profit margin assumptions.
Narrative Update Nov 27

LTMC: Improved Margins And Lower Discount Rate Will Drive Profit Expansion

Analysts have increased their price target for Lottomatica Group from €27.92 to €28.21, citing improved profit margins and expectations for continued strong performance. Analyst Commentary Recent research updates have provided additional insight into the factors influencing Lottomatica Group's revised price targets.
Narrative Update Nov 09

LTMC: Improved Margins And Lower Discount Rate Signal Stronger Profit Outlook

Analysts have increased their price target for Lottomatica Group to €27.92 from €27.69. They cite stronger profit margin expectations and a slight reduction in the discount rate as key factors behind the update.
Narrative Update Oct 26

Share Repurchase And Italy Focus Will Drive Digital Expansion Forward

Narrative Update on Lottomatica Group: Analyst Price Target Revision Analysts have maintained their fair value estimate for Lottomatica Group at €27.69. They cited a modest increase in expected revenue growth, which offset a slight uptick in the discount rate and a minor decrease in projected profit margin.
Narrative Update Oct 12

PWO Migration And Italy Consolidation Will Expand Digital Reach

Analysts have raised their price target for Lottomatica Group from €27.13 to €27.69. This reflects modest improvements in projected revenue growth and a slightly lower assumed discount rate.
User avatar
New Narrative Mar 09

Omnichannel Strategy Will Drive Future Success In Italian iGaming Market

Significant growth in the online segment and omnichannel strategy enhances market share and profitability, improving revenues and net earnings.

CEO Compensation Analysis

How has Guglielmo Angelozzi's remuneration changed compared to Lottomatica Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

€190m

Dec 31 2025€4m€1m

€174m

Sep 30 2025n/an/a

€146m

Jun 30 2025n/an/a

€143m

Mar 31 2025n/an/a

€121m

Dec 31 2024€597k€450k

€99m

Sep 30 2024n/an/a

€53m

Jun 30 2024n/an/a

€51m

Mar 31 2024n/an/a

€54m

Dec 31 2023€272k€167k

€68m

Compensation vs Market: Guglielmo's total compensation ($USD4.70M) is above average for companies of similar size in the Italian market ($USD3.11M).

Compensation vs Earnings: Guglielmo's compensation has increased by more than 20% in the past year.


CEO

Guglielmo Angelozzi (53 yo)

11.8yrs
Tenure
€4,044,968
Compensation

Mr. Guglielmo Angelozzi serves Chief Executive Officer of Gamenet Group S.p.A. since September 13, 2017 and July 1, 2016 respectively and serves as Managing Director. He serves as Chief Executive Officer a...


Board Members

NamePositionTenureCompensationOwnership
Guglielmo Angelozzi
Chairman & CEO11.8yrs€4.04mno data
Laurence Van Lancker
CFO, Director & Deputy CEOless than a year€1.78mno data
John Paul Bowtell
Independent director6.4yrs€70.00kno data
Gaia Mazzalveri
Independent Director3yrs€117.50kno data
Catherine Renee Guillouard
Independent Director3.6yrs€95.00kno data
Nadine Faruque
Lead Independent Director3yrs€132.50kno data
Andrea Lionzo
Chairman of the Board of Statutory Auditors3yrsno datano data
Marzia Mastrogiacomo
Independent Director3yrs€112.50kno data
Augusta Iannini
Independent Director3yrs€113.33kno data
Alessandro Fiumara
Directorless than a year€980.13kno data
Tiziana Togna
Independent Directorless than a year€26.67kno data
Fabrizio Virtuani
Independent Directorless than a year€28.33kno data
3.0yrs
Average Tenure
56yo
Average Age

Experienced Board: LTMC's board of directors are considered experienced (3 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/18 07:33
End of Day Share Price 2026/05/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Lottomatica Group S.p.A. is covered by 23 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrea BonfaBanca Akros S.p.A. (ESN)
James Rowland ClarkBarclays
Pravin GondhaleBarclays