Zeal Network amends fiscal 2017 forecast

A Euro 15 million win on a secondary lottery held by Zeal Network subsidiary MyLotto24 Limited has prompted the company to lower its previous forecast.

The company said the substantial pay-out, which falls within the self-retention specified in MyLotto24’s hedging instruments, prompted the firm to adjust its Total Operating Performance and EBIT guidance for the current fiscal year 2017 from Euro 145-155 million to Euro 130-140 million and EBIT from Euro 30-40 million to Euro 15-25 million.

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