Brief: Zeal Network posts adj EBITDA of 12.4 mln eur, beating guidance

ZEAL Network SE

26/01/2021 18:12

Jan 26 (Reuters) - ZEAL Network SE  TIMAn.DE :
    * DGAP-ADHOC: ZEAL NETWORK SE: ADJUSTED EBITDA 2020 OF ZEAL
NETWORK SE ABOVE THE ALREADY INCREASED GUIDANCE ACCORDING TO
PRELIMINARY CALCULATIONS
    * SAYS BILLINGS IN FISCAL YEAR 2020 INCREASED BY 40 PERCENT
(PRELIMINARY) TO EUR 652.8 MILLION (2019: EUR 466,7 MIO.), THUS
EXCEEDING LATEST GUIDANCE OF EUR 610 MILLION TO EUR 630 MILLION
    * SAYS REVENUE FELL BY 23 PERCENT (PRELIMINARY) YEAR-ON-YEAR
TO
EUR 86.9 MILLION (2019: EUR 113.5 MILLION)
    * SAYS ADJUSTED EBITDA OF EUR 12.4 MILLION (PRELIMINARY) WAS
STILL
BELOW PRIOR-YEAR FIGURE (2019: EUR 29.4 MILLION) BUT
SIGNIFICANTLY ABOVE ALREADY INCREASED GUIDANCE OF EUR 8 MILLION
TO EUR 10 MILLION

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