Winning payout and guidance unchanged
May 13, 2015 3:42 PM
DGAP-News: ZEAL Network SE / Key word(s): Miscellaneous 2015-05-13 / 15:42 --------------------------------------------------------------------- London, 13 May 2015 In a secondary lottery held by MyLotto24 Ltd, a fully consolidated minority shareholding of ZEAL Network SE, a player has won a jackpot of approximately EUR 48 million. The prize pay-out is covered by hedging instruments established by MyLotto24. Taking into account the prize pay-out, consolidated EBIT in the current fiscal year 2015 will only be impacted by approximately EUR 9.5 million. This impact is within the annual statistical fluctuation, so that ZEAL confirms its previously communicated consolidated EBIT guidance for the current fiscal year 2015 of between EUR 35 and EUR 45 million. Although consolidated revenue will be negatively affected by the full amount of the prize pay-out, the payment receivable by MyLotto24 from the hedging structure will be accounted for as Other operating income and will increase the total operating performance accordingly by approximately EUR 38.5m. ZEAL therefore also confirms its previously communicated revenue guidance of EUR 135 to EUR 145 million, only with reference to Other operating income instead of Revenues. ZEAL will from now on use Total operating performance instead of Revenues for its revenue guidance in order to adequately account for the effects of the hedging mechanism. Additionally, ZEAL upholds its communicated dividend policy of paying at least EUR 2.80 per share in the current year, including the interim dividend payment of EUR 0,70 per share made in March 2015. --------------------------------------------------------------------- 2015-05-13 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: ZEAL Network SE 5 th Floor One New Change EC4M 9AF London United Kingdom Phone: +44 (0)20 3739-7000 Fax: +44 (0)20 3739-7099 E-mail: frank.hoffmann@zeal-network.co.uk Internet: www.zeal-network.co.uk ISIN: GB00BHD66J44 WKN: TPP024 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 357485 2015-05-13