A strong start to 2018 for ZEAL Group
May 4, 2018 7:30 AM
DGAP-News: ZEAL Network SE / Key word(s): Quarterly / Interim Statement 4 May 2018
ZEAL Group, the world's leading lottery innovator, today unveiled strong results for the first three months of 2018, delivering Earnings Before Interest and Tax (EBIT) of EUR9.2million (2017: EUR0.2 million). The Group also generated a 6.4% growth in billings to EUR72.8 million (2017: EUR68.4 million), driven by continued positive performance from new products including, Powerball and Instant Win Games, which encouraged higher customer spend. Average Billings Per User increased to EUR58.02 (2017: EUR54.35). Total Operating Performance increased to EUR39.8 million (2017: EUR24.1 million), in line with guidance and positively impacted by the reduction in exceptional prize pay-outs during the quarter (2018: EURNil; 2017: EUR15.0 million). Continued investment in new products and marketing delivered 140k new registered customers for the Group and our partners; an increase of 59% year-on-year (2017: 88k). Jonas Mattsson, Chief Financial Officer, ZEAL Group said: "It has been a strong start to 2018 for ZEAL. Our active strategy of building a more diverse portfolio is paying off, with a larger range of higher jackpot products driving increased customers, spend and billings." Selected financial results to 31 March 2018:
2018 Outlook remains unchanged For 2018, ZEAL Group expects to deliver EBIT in the range of EUR33 million - EUR43 million, and Total Operating Performance (TOP) of EUR150 million - EUR160 million. ZEAL Group expects to pay a dividend of at least EUR1.00 per share in 2018, subject to financial performance. - ENDS - Contacts: Media Relations:
04.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | ZEAL Network SE |
5th Floor One New Change | |
EC4M 9AF London | |
United Kingdom | |
Phone: | +44 (0)203 739-7000 |
Fax: | +44 (0)203 739-7099 |
E-mail: | office@zeal-network.co.uk |
Internet: | www.zeal-network.co.uk |
ISIN: | GB00BHD66J44 |
WKN: | TPP024 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |