May 04 2018

A strong start to 2018 for ZEAL Group

  • EBIT of €9.2 million, in line with guidance
  • Billings increased 6% to €72.8 million
  • Total Operating Performance increased to €39.8 million, in line with guidance

 

 

ZEAL Group today unveiled strong results for the first three months of 2018, delivering Earnings Before Interest and Tax (EBIT) of €9.2million (2017: €0.2 million).

 

The Group also generated a 6.4% growth in billings to €72.8 million (2017: €68.4 million), driven by continued positive performance from new products including, Powerball and Instant Win Games, which encouraged higher customer spend. Average Billings Per User increased to €58.02 (2017: €54.35).

 

Total Operating Performance increased to €39.8 million (2017: €24.1 million), in line with guidance and positively impacted by the reduction in exceptional prize pay-outs during the quarter (2018: €Nil; 2017: €15.0 million).

 

Continued investment in new products and marketing delivered 140k new registered customers for the Group and our partners; an increase of 59% year-on-year (2017: 88k).

 

Jonas Mattsson, Chief Financial Officer, ZEAL Group said: “It has been a strong start to 2018 for ZEAL. Our active strategy of building a more diverse portfolio is paying off, with a larger range of higher jackpot products driving increased customers, spend and billings.”

 

Selected financial results to 31 March 2018:

2018 2017
Billings €72.8 million €68.4 million
Statutory Revenue €38.7 million €23.6 million
TOP €39.8 million €24.1 million
Statutory EBIT €9.2 million €0.2 million
Earnings per share €0.76 €0.02

 

2018 Outlook remains unchanged

For 2018, ZEAL Group expects to deliver EBIT in the range of €33 million – €43 million, and Total Operating Performance (TOP) of €150 million – €160 million. ZEAL Group expects to pay a dividend of at least €1.00 per share in 2018, subject to financial performance.

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