26.01.2021 ZEAL Network SE  DE000ZEAL241

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


 

DGAP-Ad-hoc: ZEAL Network SE / Key word(s): Preliminary Results
ZEAL Network SE: Adjusted EBITDA 2020 of ZEAL Network SE above the already increased guidance according to preliminary calculations

26-Jan-2021 / 19:06 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


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

(Hamburg, 26. January 2021) According to preliminary calculations, ZEAL Network SE (lotto24.de, tipp24.com), Germany's leading online provider of state-licensed and other lotteries, has exceeded in particular the guidance for adjusted EBITDA in fiscal year 2020, which was most recently increased in October 2020. Supported, among other things, by the good jackpot development of the German lottery 'LOTTO 6aus49' in the fourth quarter of 2020, continued high marketing investments led to higher than expected growth in billings and revenue. In addition, consistent cost management supported the improvement in adjusted EBITDA.

Due to the full consolidation of LOTTO24 and the positive jackpot development, billings in fiscal year 2020 increased by 40 percent (preliminary) to EUR 652.8 million (2019: EUR 466,7 Mio.), thus exceeding the latest guidance of EUR 610 million to EUR 630 million. The comparability of the prior-year figures is affected by the discontinuation of the secondary lottery business due to the business model change in October 2019 and the only partial consolidation of the LOTTO24 billings (14 May to 31 December 2019).

Although revenue fell by 23 percent (preliminary) year-on-year to EUR 86.9 million (2019: EUR 113.5 million), largely due to the expected revenue dis-synergies in connection with the business model change, it was also above the guidance of between EUR 80 million and EUR 83 million. As with billings, the 2019 revenue still included the secondary lottery business but not the online lottery brokerage business of LOTTO24 up to 14 May 2019 and is therefore also only comparable to a limited extent.

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: +49 (0)40 809036042
[email protected]


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


Language: English
Company: ZEAL Network SE
Straßenbahnring 11
20251 Hamburg
Germany
Phone: +49 (0)40 8090360-42
Fax: +49 (0)40 822239-77
E-mail: [email protected]
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

 
End of Announcement DGAP News Service

1163488  26-Jan-2021 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 134,30 154,75 113,48 87,02 83,33 105,20 116,05
EBITDA1,2 26,44 38,31 17,91 17,33 27,73 31,66 32,91
EBITDA-Marge3 19,69 24,76 15,78 19,91 33,28 30,10
EBIT1,4 25,18 38,31 9,07 5,38 19,05 22,93 23,65
EBIT-Marge5 18,75 24,76 7,99 6,18 22,86 21,80 20,38
Jahresüberschuss1 17,18 26,66 1,72 7,89 11,40 16,57 13,72
Netto-Marge6 12,79 17,23 1,52 9,07 13,68 15,75 11,82
Cashflow1,7 13,41 38,20 5,30 5,37 26,16 28,49 25,57
Ergebnis je Aktie8 2,05 3,18 0,09 0,37 0,48 0,72 0,59
Dividende8 1,00 1,00 0,80 0,90 2,10 3,60 1,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ernst & Young

INVESTOR-INFORMATIONEN
©boersengefluester.de
ZEAL Network
WKN Kurs in € Einschätzung Börsenwert in Mio. €
ZEAL24 31,550 Halten 706,60
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
27,68 20,78 1,34 33,00
KBV KCV KUV EV/EBITDA
3,00 27,64 6,09 20,42
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
3,60 1,10 3,49 28.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
08.05.2024 07.08.2024 06.11.2024 20.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
3,87% -0,75% -5,26% -10,37%
    
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