Brief: ZEAL Network Raises Guidance For FY 2020

ZEAL Network SE

15/10/2020 11:55

Oct 15 (Reuters) - ZEAL NETWORK SE  TIMAn.DE :
    * ZEAL CONTINUES TO GROW FASTER THAN EXPECTED IN THE THIRD
QUARTER
OF 2020 AND RAISES ITS FULL-YEAR GUIDANCE AGAIN
    * RAISING ITS GUIDANCE FOR FISCAL YEAR 2020
    * EXPECTS NUMBER OF NEW REGISTERED CUSTOMERS IN GERMANY
SEGMENT TO
BE AROUND 900 THOUSAND IN 2020 (PREVIOUSLY: AROUND 800 THOUSAND)
WITH A LOWER CPL THAN IN PREVIOUS YEAR
    * NOW ANTICIPATES 2020 BILLINGS OF BETWEEN EUR 610 MILLION
AND EUR
630 MILLION (PREVIOUSLY: BETWEEN EUR 590 MILLION AND EUR 610
MILLION)
    * SEES 2020 REVENUE OF BETWEEN EUR 80 MILLION AND EUR 83
MILLION
(PREVIOUSLY: BETWEEN EUR 76 MILLION AND EUR 79 MILLION)
    * SEES UNCHANGED GROSS MARGIN IN GERMANY SEGMENT OF SLIGHTLY
ABOVE
12% IN FISCAL YEAR 2020
    * NOW FORECASTS 2020 ADJUSTED EBITDA TO BE BETWEEN EUR 8
MILLION
AND EUR 10 MILLION (PREVIOUSLY: BETWEEN EUR 7 MILLION AND EUR 10
MILLION)
    * 9-MONTH PRELIMINARY ADJUSTED EBITDA AT EUR 6.9 MILLION IN
ZEAL
GROUP WAS BELOW PREVIOUS YEAR'S LEVEL (2019: EUR 28.3 MILLION)
    * 9-MONTH REVENUE DECREASED BY A PRELIMINARY 31% TO EUR 63.9
MILLION (2019: EUR 93.2 MILLION)

Source text for Eikon:  ID:nEQ4bb7J2a 
Further company coverage:  TIMAn.DE 

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