Brief: ZEAL Network FY Net Profit Up At EUR 11.4 Mln

ZEAL Network SE

24/03/2022 06:38

March 24 (Reuters) - ZEAL NETWORK SE  TIMAn.DE :
    * SIGNIFICANTLY INCREASES PROFITABILITY - IMPORTANT
MILESTONES FOR
FURTHER GROWTH REACHED
    * FY ADJUSTED EBITDA OF EUR 27.7 MILLION (2020: EUR 12.7
MILLION)
    * ZEAL PROPOSES EUR 2.10 DIVIDEND TO SHAREHOLDERS
    * FY REVENUES (PLUS INSURANCE REIMBURSEMENTS TO OFFSET
JACKPOT
WINNINGS FROM FREIHEIT+ CHARITY LOTTERY, WHICH ARE INCLUDED IN
OTHER OPERATING INCOME) REMAINED STABLE AT EUR 86.8 MILLION
(2020: EUR 87.0 MILLION ^2)
    * FY NET PROFIT, WHICH ROSE TO EUR 11.4 MILLION (2020: EUR
7.9
MILLION)
    * WILL PROPOSE TO ANNUAL GENERAL MEETING ON 30 JUNE 2022
PAYMENT
OF A DIVIDEND OF EUR 2.10 (2020: EUR 0.90 PER SHARE)
    * 2022: ZEAL EXPECTS ADJUSTED EBITDA TO BE AT LEAST EUR 30
MILLION.
    * ASSUMES THAT REVENUES WILL AMOUNT TO AT LEAST EUR 105
MILLION IN
FINANCIAL YEAR 2022

Source text for Eikon:  ID:nEQb5qGPxa 
Further company coverage:  TIMAn.DE 

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