0QJQ Zeal Network Se

Dow Jones received a payment from EQS/DGAP to publish this press release.

 
 
 ZEAL Network SE (-) 
ZEAL Network SE: A solid start to 2019 
 
07-May-2019 / 07:32 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
_NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) DIRECTLY 
OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD 
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION._ 
 
_London, 7 May 2019_ 
 
*ZEAL Network SE: A solid start to 2019* 
 
? _Solid underlying performance in billings, revenue and Total Operating 
Performance (TOP) despite impact from closure of Ventura24 S.L.U._ _and 
Lotto Network_ 
 
? _Costs down 16% year-on-year_ 
 
? _Positive EBIT performance. Adjusted EBIT up 26.3% year-on-year_ 
 
? _Acquisition of Lotto24 AG ('Lotto24') to complete next week after 
93.04% of Lotto24 shareholders accepted offer _ 
 
ZEAL Network SE ('ZEAL') today announced a solid underlying performance in 
the first quarter of 2019. 
 
The first quarter of 2019 was the first reporting period following the 
closure of Lotto Network in November 2018 and the Group's Spanish 
consumer-facing business, Ventura24 S.L.U. ('Ventura24') in December 2018. 
Despite this and a lower number of large jackpots during the quarter having 
a negative impact on billings, revenue and TOP, performance was solid on a 
like-for-like basis[1]. 
 
The Group delivered: 
 
? Billings of EUR67.4m; down 7.4% year-on-year (2018: EUR72.8m); down 1.6% 
on a like-for-like basis 
 
? Revenue of EUR36.5m; down 5.8% year-on-year (2018: EUR38.7m); down 3.5% 
on a like-for-like basis 
 
? TOP of EUR37.4 million; down 6.2% year-on-year (2018: EUR39.8m) 
 
? Adjusted EBIT of EUR11.6m; up 26.3% year-on-year (2018: EUR9.2m) 
 
? Statutory EBIT of EUR9.8m; up 6.7% year-on-year (2018: EUR9.2m) 
 
? Net cash of EUR102.1m; up 36.2% year-on-year (2018: EUR75.0m) 
 
With a 16% year-on-year reduction in costs ZEAL delivered a 26.3% increase 
in Adjusted EBIT to EUR11.6m (2018: EUR9.2m). This cost reduction included a 
EUR2.2m decrease in personnel expenses and EUR3.0m reduction in other 
operating expenses such as consulting services and hedging. The Group 
expects to implement further synergies and reduction in costs before 
exceptional items during 2019 as it prepares to transform its business. 
ZEAL's net cash position improved by 36.2% to EUR102.1m (2018: EUR75.0m). 
 
ZEAL also continued to build on the positive customer acquisition trend it 
has developed in recent years. During the quarter, ZEAL delivered 182,000 
new registered customers for the Group and its partners - a 30% increase 
year-on-year (2018: 140,000). Average Billings Per User were broadly 
maintained at EUR57.47 (EUR58.02). 
 
*Jonas Mattsson, CFO, ZEAL, said: *_'We delivered a positive EBIT 
performance, reduced our cost base and further improved our net cash 
position. These results highlight the strong position we have created for 
ZEAL and set us up well as we prepare to complete our acquisition of 
Lotto24. I look forward to next week's reunification of ZEAL and Lotto24 
and, together, building our Group's future.' _ 
 
The acquisition of Lotto24 is expected to close on 14 May 2019 after 93.04% 
of Lotto24 shareholders accepted the voluntary public takeover offer within 
the two acceptance periods. 
 
*2019 Outlook:* 
 
In view of the special situation created by the Lotto24 transaction and the 
transformation of ZEAL's core German business model later in 2019, ZEAL does 
not intend to provide any financial guidance at this point in time. ZEAL's 
dividend policy for 2019 is currently under review. 
 
*- ENDS* *-* 
 
*Investor Relations contact:* 
 
Frank Hoffmann 
Investor Relations Manager, ZEAL Network 
T: +44 (0)20 3739 7123 
frank.hoffmann@zeal-network.co.uk 
 
*Media contact:* 
 
Matt Drage 
Head of Corporate Communications, ZEAL Network 
T: +44 (0)7976 872 861 
matt.drage@zeal-network.co.uk 
 
*Notes to Editor*: 
 
1) ZEAL is an international digital lottery group. 
 
2) The company was founded in 1999. Renamed as ZEAL Network SE in 2014. 
 
3) The company is headquartered in London and its shares are listed on the 
Prime Standard of the Frankfurt Stock Exchange. 
 
4) The Group has more than 3.9 million customers globally. Since its 
incorporation, ZEAL Group has generated stakes of more than EUR3 billion 
and paid out more than EUR1.5 billion in winnings. 
 
5) ZEAL Group includes all subsidiaries of ZEAL Network SE and the 
affiliated companies of the independent shareholding myLotto24 Ltd. 
 
6) Total Operating Performance is calculated as the sum of Revenue and 
Other Operating Income as disclosed in the Consolidated Income 
Statement.ZEAL's Q1 2019 results are available at: 
http://www.zeal-network.co.uk/investors/publications/ [1] 
 
[1] Like-for-like excludes the 2018 comparative information for Lotto 
Network Limited and the consumer-facing business of Ventura24, in order to 
provide comparable information relating to the ongoing business. 
 
ISIN:          GB00BHD66J44 
Category Code: QRF 
TIDM:          - 
LEI Code:      391200EIRBXU4TUMMQ46 
Sequence No.:  8523 
EQS News ID:   807845 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=ff31510ef05c26acf2beb9b2365a9c49&application_id=807845&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

May 07, 2019 01:32 ET (05:32 GMT)

Zeal Network (LSE:0QJQ)
과거 데이터 주식 차트
부터 1월(1) 2025 으로 2월(2) 2025

Zeal Network (LSE:0QJQ)
과거 데이터 주식 차트
부터 2월(2) 2024 으로 2월(2) 2025