DGAP-News
ZEAL Network SE: ZEAL delivers increased billings and strong profitability in first nine months of 2016 - Seite 2
(EUR 0.97).
Dr Helmut Becker, Chief Executive Officer of ZEAL: "We are very satisfied
with the Group's performance for the first nine months of 2016. We have
delivered an increase in Billings and EBIT, driven by a strong performance
in our B2C segment. We successfully launched seven new instant win games,
launched a new and improved webshop and increased marketing investments.
Our approved licence application in Ireland represents an important step
towards the internationalisation of our B2C offering. We intend to launch
in this market during the first quarter of 2017. In the BBG segment, we
have made great progress with our specialised platform, whilst we continue
to explore new markets and are making progress with licence applications."
In accordance with its dividend policy, ZEAL Network paid out the third
interim dividend amounting to EUR 0.70 per share at the end of Q3 2016. The
Group intends to pay one more instalment of EUR 0.70 per share in 2016.
ZEAL Network's dividend policy is subject to periodic review and possible
amendments depending on future earnings and financial position.
ZEAL has a strong cash position and is continually seeking opportunities to
drive value for the Group.
ZEAL confirms outlook for 2016
The strategic outlook remains unchanged with attractive growth
opportunities in ZEAL's target markets. The Group made significant progress
in reaching its strategic goals. ZEAL has taken advantage of recent
favourable rulings in the European Courts to increase its marketing
footprint and plans further investment in marketing to execute the growth
strategy and build on the Group's existing customer base. As in the first
half of the year, the popular instant win games continued to be one of the
main drivers in attracting new target groups and increasing the average
billings generated from the Group's customers. ZEAL remains well positioned
to capitalise on opportunities arising from additional changes to
regulatory conditions and growth potential by continuously innovating the
online lottery market.
When reviewing the principal business risks prior to signing off the Q3
2016 Interim Financial Report, the Board concluded that the 'Brexit' EU
Referendum result was not a principal business risk.
As announced on 17 May 2016, ZEAL expects full-year total operating
performance to be EUR 125-135 million and full-year EBIT to be EUR 25-35
million.
Selected Financials:
drive value for the Group.
ZEAL confirms outlook for 2016
The strategic outlook remains unchanged with attractive growth
opportunities in ZEAL's target markets. The Group made significant progress
in reaching its strategic goals. ZEAL has taken advantage of recent
favourable rulings in the European Courts to increase its marketing
footprint and plans further investment in marketing to execute the growth
strategy and build on the Group's existing customer base. As in the first
half of the year, the popular instant win games continued to be one of the
main drivers in attracting new target groups and increasing the average
billings generated from the Group's customers. ZEAL remains well positioned
to capitalise on opportunities arising from additional changes to
regulatory conditions and growth potential by continuously innovating the
online lottery market.
When reviewing the principal business risks prior to signing off the Q3
2016 Interim Financial Report, the Board concluded that the 'Brexit' EU
Referendum result was not a principal business risk.
As announced on 17 May 2016, ZEAL expects full-year total operating
performance to be EUR 125-135 million and full-year EBIT to be EUR 25-35
million.
Selected Financials:
Q1-3 2016 Q1-3 2015
Billings EUR '000 204,116 195,239