CIRSA Reports Record €128m Year-to-Date Profit Ahead of Lottomatica Vote

Grupo CIRSA has reported a record €128m in corporate profit for the year to date, issuing the figure in a third-quarter trading update published shortly before shareholders are due to vote on its merger with Lottomatica SPA. The ballot is scheduled for 30 November.

The Bolsa Madrid-listed operator also said underlying pre-tax profit for the year to date rose by 37%. The company framed the results as evidence of the profitability of its two Spanish business units, which it highlighted in the same update.

The timing of the disclosure places CIRSA's domestic performance in focus as investors prepare to assess the proposed combination with Lottomatica. The shareholder vote on 30 November is the next scheduled step in that process.

CIRSA's update covers trading through the third quarter of the year and is the company's latest scheduled report on its financial position. No further details on revenue, segment breakdowns or the terms of the merger were included in the excerpt.