Brief: ZEAL Network Q1 Adjusted EBITDA Down At EUR 2.8 Mln

ZEAL Network SE

14/05/2020 06:42

May 14 (Reuters) - ZEAL NETWORK SE  TIMAn.DE :
    * OUTLOOK 2020: GUIDANCE 2020 REITERATED
    * Q1 BILLINGS INCREASED BY 108% TO EUR 140.0 MILLION IN Q1
OF 2020
(2019: EUR 67.4 MILLION)
    * Q1 REVENUE OF ZEAL GROUP DECREASED BY 48% TO EUR 19.0
MILLION IN
Q1 OF 2020 (2019: EUR 36.5 MILLION)
    * Q1 ADJUSTED EBITDA IN ZEAL GROUP OF EUR 2.8 MILLION WAS,
AS
EXPECTED, DOWN ON PREVIOUS YEAR (2019: EUR 12.2 MILLION)
    * OUTLOOK 2020: ZEAL GROUP EXPECTS BILLINGS OF BETWEEN EUR
550
MILLION AND EUR 570 MILLION
    * OUTLOOK 2020: ANTICIPATES REVENUE OF BETWEEN EUR 70
MILLION AND
EUR 73 MILLION IN 2020
    * OUTLOOK 2020: ADJUSTED EBITDA IS EXPECTED TO BE BETWEEN
EUR 5
MILLION AND EUR 8 MILLION

Source text for Eikon:  ID:nEQ14ds0a 
Further company coverage:  TIMAn.DE 

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