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DGAP-Adhoc: ZEAL Network SE: ZEAL raises EBITDA guidance for 2019

eqs_en 
0 0 18.12.19
DGAP-Adhoc: ZEAL Network SE: ZEAL raises EBITDA guidance for 2019
 

DGAP-Ad-hoc: 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/).

Contact:
Frank Hoffmann
Investor Relations Manager
T: +49 (0)40 808 141-123
frank.hoffmann@zealnetwork.de

18-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: ZEAL Network SE
Valentinskamp 70
20355 Hamburg
Germany
Phone: +49 (0)40 808141-123
Fax: +49 (0)40 808 141-199
E-mail: [email protected]
Internet: www.zealnetwork.de
ISIN: DE000ZEAL241
WKN: ZEAL24
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 939831

 
End of Announcement DGAP News Service

939831  18-Dec-2019 CET/CEST

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Zeal Network SE Stock

€35.90
2.580%
There is an upward development for Zeal Network SE compared to yesterday, with an increase of €0.90 (2.580%).

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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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