Lotto24 anticipates successful first quarter

In a preliminary first quarter 2016 estimate German lottery firm Lotto24 AG said an increase in new customers and significantly reduced acquisition costs augur well for a successful first quarter.

Key highlights for the period ending March 31, 2016 include:

– A 66 percent rise in billing to Euro 41.4 million (Q1/2015: Euro 25 million).

– An 85 percent rise in revenues to Euro 4.4 million (Q1/2015: Euro 4.4 million)

– Gross margin of 10.7 percent (Q1/2015: 9.5 percent)

– Customer acquisition strategy surrounding Euro 75 million EuroJackpot resulted in 106,000 new sign-ups (Q1/2015: 56,000)

– Total customer base reached 989,000 (Q1/2015: 577,000)

– EBIT improved to Euro -2.1 million (prior year: Euro -3 million and the net result amounted to Euro -0.9 million (Q1/2015: Euro -2.6 million).

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