EQS-News

ZEAL starts with 35 percent revenue growth into the year 2024

EQS-News: ZEAL Network SE / Key word(s): Quarter Results ZEAL starts with 35 percent revenue growth into the year 2024 08.05.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. ZEAL starts with 35 percent revenue growth into the year 2024

• Lottery billings increase by 22 percent compared to the first quarter of the previous year
• Revenue from lotteries grows by 28 percent
• Investments in the future pay off: More than twice as many new customers as in the same period last year
• Slight increase in EBITDA combined with high investments in future growth

Hamburg, 08 May 2024. ZEAL Network SE, the leading German online provider of lottery products, has started the new financial year with a strong growth spurt. In the first quarter of 2024, billings from lotteries climbed by 22% to €246.3 million. Group revenue increased by 35.0% to € 36.1 million (2023: € 26.7 million). EBITDA at Group level increased slightly by 1% to € 9.4 million due to one-off effects and the almost doubling of marketing expenses compared to the previous year.

"We made a very strong start to 2024 and were able to significantly accelerate our revenue growth, particularly in our core business of lottery brokerage. We are also particularly proud of the fact that we were able to achieve EBITDA slightly above the previous year's level in the past quarter despite almost doubling our marketing expenses and a negative one-off effect from a major win in our charity lottery Deutsche Traumhauslotterie amounting to € 0.8 million. This shows that our measures to acquire new customers are paying off very quickly and that we are generating income across the entire breadth of our customer base," says Sebastian Bielski, CFO of ZEAL. "With the announced squeeze-out at LOTTO24, we are also putting ZEAL in the best possible position for the future and are leveraging further efficiency potential."