Brief: ZEAL Network Raises FY Guidance

ZEAL Network SE

21/07/2020 07:29

July 21 (Reuters) - ZEAL NETWORK SE  TIMAn.DE :
    * ZEAL RAISES GUIDANCE AFTER STRONG FIRST HALF OF 2020
    * H1 BILLINGS OF EUR 314.4 MILLION (2019: EUR 179.4 MILLION)
    * H1 REVENUE DECREASED BY 44% TO EUR 43.3 MILLION (2019: EUR
77.5
MILLION)
    * H1 ADJUSTED EBITDA OF EUR 3.3 MILLION WAS DOWN ON PREVIOUS
YEAR
(2019: EUR 31.2 MILLION)
    * IN FISCAL YEAR 2020, ZEAL PLANS TO CONTINUE EXPANDING ITS
MARKET
LEADERSHIP AS ONLINE PROVIDER OF STATE LOTTERY PRODUCTS WITH
LOTTO24 AND TIPP24 BRANDS
    * FOR 2020 NOW EXPECTS BILLINGS OF BETWEEN EUR 590 MILLION
AND EUR
610 MILLION, REVENUE OF BETWEEN EUR 76 MILLION AND EUR 79
MILLION
    * FOR 2020 EXPECTS ADJUSTED EBITDA TO BE BETWEEN EUR 7
MILLION AND
EUR 10 MILLION

Source text for Eikon:  ID:nEQ9TXFkPa 
Further company coverage:  TIMAn.DE 

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