Zeal network hails preliminary 2017 results
News on 26 Feb 2018
News on 26 Feb 2018
ZEAL Network has released preliminary full year 2017 results reporting double digit growth in new registered customers and EBIT above guidance ranges despite an “exceptionally weak” jackpot environment in the third quarter, higher hedging costs as a result of rule changes to EuroMillions, and “significant pay-outs” including a single Euro 15 million prize in the first quarter.
Key performance indicators include:
– Total stakes of Euro 280.5 million (2016: Euro 280.4 million)
– Revenue of Euro 134.3 million (2016: Euro 112.9 million
– Total operating performance of Euro 141.2 million (2016: Euro 139.6 million)
– EBIT of Euro 25.2 million (Euro 38 million)
– Net Profit of Euro 16.3 million (Euro 26 million)
– Earnings per share of Euro 1.95 (2016: Euro 3.09)
– 31 percent increase in new registered customers
The Group’s fourth quarter performance was particularly strong with billings of Euro 78.8 million; up 21 percent since the third quarter, ZEAL said, which it attributed to the successful Powerball product launch and record billings from Spain’s Christmas Lottery El Gordo.
Dr. Helmut Becker, Chief Executive, ZEAL Group said: “We made good strategic progress in 2017: launching in three new markets, improving our products, enhancing our technology and operational efficiency, acquiring more new customers, and continuing to unearth new ways to disrupt the lottery industry.
“While the regulatory environment remains challenging, we believe the global lottery market is full of, as yet, untapped potential. As a diverse and long-term focused business, we are well positioned to take advantage of those opportunities.”
ZEAL Group anticipates EBIT in the range of Euro 33 million to Euro 43 million, and Total Operating Performance of Euro 150 million to Euro 160 million for full year 2018.
