DGAP-Adhoc

ZEAL Network SE: Adjusted EBITDA 2020 of ZEAL Network SE above the already increased guidance according to preliminary calculations - Seite 2

ZEAL took advantage of the good market and jackpot environment in order to invest into new customer acquisition. As a result, marketing costs increased by EUR 10.5 (preliminary) to EUR 32.2 million (2019: EUR 21.7 million). At the same time ZEAL further reduced the sum of other costs and in the fourth quarter of 2020 for the first time realised the 100 percent of cost synergies originally planned to be achieved by May 2021.

As an expected result of revenue dis-synergies caused by the business model change, ZEAL's adjusted EBITDA of EUR 12.4 million (preliminary) was still below the prior-year figure (2019: EUR 29.4 million) but significantly above the already increased guidance of EUR 8 million to EUR 10 million.

The Annual Report as of 31 December 2020 will be published on 25 March 2021.

Explanations of the key financial figures used can be found in the Annual Report 2019 on the Company's website (available at https://www.zealnetwork.de/en/investors/publications/).

Contact:
Frank Hoffmann
Senior Investor Relations Manager

ZEAL
Straßenbahnring 11
20251 Hamburg
T: [phone]
[e-mail]

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26-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language:	English
Company:	ZEAL Network SE
	Straßenbahnring 11
	20251 Hamburg
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.zealnetwork.de
ISIN:	DE000ZEAL241
WKN:	ZEAL24
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1163488