ZEAL Network SE: ZEAL raises EBITDA guidance for 2019

Dec 18, 2019 7:42 PM

ZEAL Network SE / Key word(s): Change in Forecast
ZEAL Network SE: ZEAL raises EBITDA guidance for 2019

18-Dec-2019 / 19:42 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

ZEAL Network SE: ZEAL raises EBITDA guidance for 2019

(Hamburg, 18 December 2019) ZEAL Network SE ("ZEAL") expects a result from operating activities before depreciation, amortisation, and exceptional items (EBITDA) for the fiscal year 2019 to be between EUR 27 million and EUR 30 million - this represents an increase compared to the profit forecast for 2019 published on 12 August 2019, which provided for an EBITDA of EUR 18 to 21 million (2018: EUR 48 million). As the business model change to online lottery brokerage, which was originally included in the planning from 1 October 2019, was implemented on 15 October 2019 the ZEAL Group was able to generate additional earnings contributions from the secondary lottery business during this period. In addition, the marketing investments made by ZEAL, depending on the respective jackpot development, were less than originally expected, both due to lower jackpots and the fact that after the business model change Tipp24.com marketing spend has not been fully ramped up, yet.

Explanations of the key financial figures used can be found in the Annual Report 2018 on the Company's website (available at https://www.zealnetwork.de/en/investors/publications/).

Frank Hoffmann
Investor Relations Manager
T: +49 (0)40 808 141-123

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