DGAP-News
ZEAL Network SE: Continued growth in Billings, Revenues and Active Customers
DGAP-News: ZEAL Network SE / Key word(s): Half Year Results
Press release |
- After a successful beta launch in Norway, planned roll out of social lottery in the Netherlands in the fourth quarter
- EUR 1.9 million investment in Los Angeles based start-up Omaze Inc.
- Total operating performance up 6% to EUR 65.0 million
- EBIT for the reporting period amounted to EUR 7.9 million
(London, 11 August 2017) ZEAL Group[1] had a solid first half of 2017 and laid the foundations for further growth, driving forward the Group's internationalisation strategy. Our Business-to-Consumer (B2C) segment continued to perform well against key performance indicators. Billings, Average Monthly Active Users (MAU) and Total Operating Performance (TOP) all increased. In addition, the Group further pursues its internationalisation strategy and the extension of its product portfolio.
In May 2017, ZEAL invested EUR 1.9 million in the Los Angeles based start-up Omaze Inc. Omaze offers an international non-licenced social prize competition. It targets the emerging millennial generation and transforms charitable giving, offering once-in-a-lifetime experiences. In June 2017, ZEAL successfully launched a Norway charity lottery product in beta in partnership with UNICEF Norway. For the next half year, the Group plans to roll out an innovative social lottery in the Netherlands under its Lottovate licence. Furthermore, the Group is applying for a lottery licence in Czech Republic.
The Group expanded its product portfolio and strengthened its B2C business by launching two new exciting products: "Danke Million" and "Cash4Life", both of which have shown a promising start.
Billings increased by EUR 3.4 million (+3%) to EUR 136.4 million in the six month period ended 30 June (2016: EUR 133.0 million). This, together with a reduction in exceptional prize pay-outs of EUR 2.0 million compared to the prior period, drove the year on year increase in TOP of 6% to EUR 65.0 million (2016: EUR 61.4 million).