DGAP-News
ZEAL Network SE: ZEAL triples EBIT in the in the first half of 2015
DGAP-News: ZEAL Network SE / Key word(s): Half Year Results
ZEAL Network SE: ZEAL triples EBIT in the in the first half of 2015
13.08.2015 / 07:15
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Press release
ZEAL triples EBIT in the in the first half of 2015
- Significant EBIT increase from EUR 6.0 million to EUR 18.5 million
- Net profit for the period jumps from EUR 1.5 million to EUR 12.7
million
- Stable underlying business performance with revenue impacted by a high
price pay-out but with total operating performance partly compensated
by the hedging structure income
- Second interim dividend of EUR 0.70 paid out at the end of June
- Guidance for the full year confirmed
(London, 13 August 2015) ZEAL Network SE achieved strong earnings growth in
the first half of 2015. Both EBIT and net profit for the period increased
significantly on the back of a solid total operating performance and a
considerable decrease of other operating expenses. A single high jackpot
pay-out of EUR 47.9 million in May adversely impacted revenue. This effect
was however partly offset by a payment from the hedging structure which
amounted to EUR 38.3 million. In light of the strong earnings performance
in the first six months, management confirms its full year guidance. In
line with its dividend policy, the company paid out its second interim
dividend of EUR 0.70 per share at the end of June and reiterates its plan
to pay out total dividends of at least EUR 2.80 per share in the current
year.
Dr Helmut Becker, designated Chief Executive Officer of ZEAL: "We have
delivered strong earnings growth in the first half of the year and are on
track to achieving our full-year targets. The company is well-positioned
for further success while we continue to execute on our growth
initiatives".
ZEAL capitalised on a significant decrease of operating expenses mainly
driven by decrease in the gaming duty due to HM Treasury amending gaming
taxation which supported a rise of the EBIT by more than 200 percent to EUR
18.5 million (prior year: EUR 6.0 million) in the reporting period. After
adjusting for statistical fluctuation differences from the expected level
of pay-outs, adjusted EBIT amounted to EUR 22.7 million (prior year: EUR
7.2 million). The adjusted EBIT margin tripled to 33.4% (prior year:
10.4%).
Consolidated net profit for the reporting period, increased substantially
from EUR 1.5 million in the prior year period to EUR 12.7 million. Earnings
per share jumped to EUR 1.52 (prior year: EUR 0.17).
ZEAL triples EBIT in the in the first half of 2015
- Significant EBIT increase from EUR 6.0 million to EUR 18.5 million
- Net profit for the period jumps from EUR 1.5 million to EUR 12.7
million
- Stable underlying business performance with revenue impacted by a high
price pay-out but with total operating performance partly compensated
by the hedging structure income
- Second interim dividend of EUR 0.70 paid out at the end of June
- Guidance for the full year confirmed
(London, 13 August 2015) ZEAL Network SE achieved strong earnings growth in
the first half of 2015. Both EBIT and net profit for the period increased
significantly on the back of a solid total operating performance and a
considerable decrease of other operating expenses. A single high jackpot
pay-out of EUR 47.9 million in May adversely impacted revenue. This effect
was however partly offset by a payment from the hedging structure which
amounted to EUR 38.3 million. In light of the strong earnings performance
in the first six months, management confirms its full year guidance. In
line with its dividend policy, the company paid out its second interim
dividend of EUR 0.70 per share at the end of June and reiterates its plan
to pay out total dividends of at least EUR 2.80 per share in the current
year.
Dr Helmut Becker, designated Chief Executive Officer of ZEAL: "We have
delivered strong earnings growth in the first half of the year and are on
track to achieving our full-year targets. The company is well-positioned
for further success while we continue to execute on our growth
initiatives".
ZEAL capitalised on a significant decrease of operating expenses mainly
driven by decrease in the gaming duty due to HM Treasury amending gaming
taxation which supported a rise of the EBIT by more than 200 percent to EUR
18.5 million (prior year: EUR 6.0 million) in the reporting period. After
adjusting for statistical fluctuation differences from the expected level
of pay-outs, adjusted EBIT amounted to EUR 22.7 million (prior year: EUR
7.2 million). The adjusted EBIT margin tripled to 33.4% (prior year:
10.4%).
Consolidated net profit for the reporting period, increased substantially
from EUR 1.5 million in the prior year period to EUR 12.7 million. Earnings
per share jumped to EUR 1.52 (prior year: EUR 0.17).