DGAP-News
ZEAL to pay total dividends of EUR 2.80 per share in 2015 - Seite 2
Strong operating cash flow and solid financial position
Cash flow from operating activities increased by 38 percent to EUR 23.1
million (prior year: EUR 16.8 million). This was mainly driven by lower tax
payments. As of December 31, 2014 ZEAL had cash, pledged cash and short
term deposits of EUR 108.1 million (prior year: EUR 156.1 million). The net
cash position of EUR 39.6 million was significantly lower year-on-year due
to the pay-out of the special interim dividend of EUR 7.50 per share in
April, which totalled EUR 62.9 million. The company continues to have
sufficient financial headroom to pursue its business development and growth
initiatives.
Annual dividends expected to amount to a total of at least EUR 2.80 from
2015 onwards
Going forward, the Executive Board has proposed, and the Supervisory Board
has approved, with immediate effect, a revised dividend policy under which
the company will pay regular interim dividends.
Jonas Mattsson, Chief Financial Officer of ZEAL: "Against the background of
ZEAL's promising business perspectives, we intend to pay sustainable annual
dividends of a total of at least EUR 2.80 from 2015 onwards, provided that
the company's financial position and performance enables such a dividend.
Dividends shall be paid in quarterly instalments. We resolved to pay the
first interim dividend of EUR 0.70 per share on March 31, 2015."
Strategic growth initiatives progressing as planned
In addition to the successful consumer-facing secondary lottery business
operated independently by the MyLotto24 sub group, ZEAL has pressed ahead
with its growth initiatives in its other two business areas.
Under the Lottovate and Lotto Network brands, ZEAL offers digital services
to licensed lottery operators and private business partners in various
international markets. In 2014, the company was able to significantly grow
the online channel of the ONCE lottery in Spain operating as a digital
service partner. In the UK, ZEAL runs online lotto games for football clubs
such as Arsenal London.
In the third business area, ZEAL aims to organise own lotto games in the
medium term. Geo24, a joint venture with the minority participation
Geonomics, optimised the innovative online lotto game GeoLotto for the UK
consumer market and launched the revised product in September 2014.
Outlook: ZEAL anticipates improvement in profitability in 2015
The company continues to see attractive growth opportunities in its target
has approved, with immediate effect, a revised dividend policy under which
the company will pay regular interim dividends.
Jonas Mattsson, Chief Financial Officer of ZEAL: "Against the background of
ZEAL's promising business perspectives, we intend to pay sustainable annual
dividends of a total of at least EUR 2.80 from 2015 onwards, provided that
the company's financial position and performance enables such a dividend.
Dividends shall be paid in quarterly instalments. We resolved to pay the
first interim dividend of EUR 0.70 per share on March 31, 2015."
Strategic growth initiatives progressing as planned
In addition to the successful consumer-facing secondary lottery business
operated independently by the MyLotto24 sub group, ZEAL has pressed ahead
with its growth initiatives in its other two business areas.
Under the Lottovate and Lotto Network brands, ZEAL offers digital services
to licensed lottery operators and private business partners in various
international markets. In 2014, the company was able to significantly grow
the online channel of the ONCE lottery in Spain operating as a digital
service partner. In the UK, ZEAL runs online lotto games for football clubs
such as Arsenal London.
In the third business area, ZEAL aims to organise own lotto games in the
medium term. Geo24, a joint venture with the minority participation
Geonomics, optimised the innovative online lotto game GeoLotto for the UK
consumer market and launched the revised product in September 2014.
Outlook: ZEAL anticipates improvement in profitability in 2015
The company continues to see attractive growth opportunities in its target