Zeal’s Q1-2017 performance hit by big lottery win

Specialist B2C and B2B online lottery company Zeal Networks SE (formerly Tipp24) has posted lack lustre Q1-2017 results, noting that a Euro 15 million MyLotto24 lottery win adversely impacted performance in the quarter.

KPIs from the company included:

* Revenue down at Euro 23.6 million (Q1-2016: Euro 37.6 million);

* Operating income down at Euro 24.1 million (Q1-2016: Euro 38.6 million);

* EBITDA down at Euro 245,000 (Q1-2016: Euro 14.2 million);

* Net profit down at Euro 165,000 (Q1-2016: Euro 8.7 million;

* EPS Euro 0.02 cents (Q1-2016: Euro 0,02 cents).

CEO Helmut Becker emphasised positive developments, saying that the launch of the company’s Irish online lottery product was successful, and that new licenses in Norway and the Netherlands are evidence of an expanding footprint.

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