Brief: ZEAL Network 9-Mth Adj. EBITDA Up At EUR 17.6 Mln

ZEAL Network SE

03/11/2021 15:26

Nov 3 (Reuters) - ZEAL NETWORK SE  TIMAn.DE :
    * FOLLOWING A CONTINUED WEAK JACKPOT DEVELOPMENT IN THE
THIRD
QUARTER, ZEAL REDUCES ITS 2021 GUIDANCE FOR BILLINGS AND REVENUE
BUT INCREASES ITS EBITDA GUIDANCE DUE TO COST SAVINGS
    * COMPANY NOW ASSUMES THAT REVENUE WILL AMOUNT TO AROUND EUR
86
MILLION (PREVIOUSLY: AT LEAST EUR 95 MILLION)
    * NOW EXPECTS AN ADJUSTED EBITDA OF AROUND EUR 25 MILLION
(PREVIOUSLY: AT LEAST EUR 20 MILLION)
    * ADJUSTED EBITDA IMPROVED PROVISIONALLY TO AROUND EUR 17.6
MILLION IN FIRST NINE MONTHS OF 2021 (2020: EUR 6.9 MILLION)
    * 9-MONTH PRELIMINARY REVENUE AT EUR 65.1 MILLION, AROUND 1
PERCENT HIGHER THAN IN PREVIOUS YEAR (2020: EUR 64.5 MILLION)

Source text for Eikon:  ID:nEQ64GWmca 
Further company coverage:  TIMAn.DE 

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