Brief: ZEAL Network To Expect Revenues To Be in a Range Of EUR 110 Mln to EUR 120 MLN in Fiscal Year 2023

ZEAL Network SE

11/05/2023 06:37

May 11 (Reuters) - ZEAL NETWORK SE  TIMAn.DE :
    * Q1 ZEAL CONTINUED TO EXPAND ITS CUSTOMER BASE BY ADDING
143
THOUSAND REGISTERED NEW CUSTOMERS
    * Q1 - CPL (COST PER LEAD) OF EUR 36.77 FELL SLIGHTLY
YEAR-ON-YEAR
(2022: EUR 38.09).
    * Q1 - TRANSACTION VOLUME INCREASED BY 11 PERCENT TO 201.2
MILLION
EUROS (2022: 181.2 MILLION EUROS)
    * Q1 - SALES REVENUES OF 26.7 MILLION EUROS - AN INCREASE OF
SIX
PERCENT COMPARED TO PREVIOUS YEAR
    * Q1 - COMPANY'S GROSS MARGIN OF 12.4 PERCENT WAS 0.5
PERCENT
BELOW PREVIOUS YEAR'S LEVEL (2022: 12.9 PERCENT)
    * Q1 - EBITDA BY 0.4 MILLION EUROS TO 9.3 MILLION EUROS
(2022: 8.9
MILLION EUROS)
    * Q1 - EBIT ALSO EXCEEDED ITS PRIOR-YEAR FIGURE AT 7.1
MILLION
EUROS (2022: 6.8 MILLION EUROS)
    * Q1 - DUE TO A EUR 0.8 MILLION INCREASE IN TAX EXPENSES,
NET
PROFIT FOR PERIOD DECREASED TO EUR 4.4 MILLION (2022: EUR 5.0
MILLION).
    * FORECAST CONFIRMED
    * OUTLOOK - COMPANY CONTINUES TO EXPECT A BILLINGS VOLUME IN
RANGE
OF EUR 800 MILLION TO EUR 830 MILLION FOR GERMANY SEGMENT -
ASSUMING AN AVERAGE JACKPOT DEVELOPMENT
    * OUTLOOK - ZEAL CONTINUES TO EXPECT REVENUES TO BE IN A
RANGE OF
EUR 110 MILLION TO EUR 120 MILLION IN FISCAL YEAR 2023
    * OUTLOOK -  FOR EBITDA, COMPANY EXPECTS A RANGE OF EUR 30
MILLION
TO EUR 35 MILLION
    * OUTLOOK - MARKETING EXPENSES OF BETWEEN EUR 34 MILLION AND
EUR
39 MILLION
    * CFO - IN PARTICULAR, RECEIVING LONG-AWAITED PERMISSION TO
OFFER
VIRTUAL SLOT GAMES OPENS UP NEW OPPORTUNITIES FOR US TO FURTHER
EXPAND OUR BUSINESS

Source text for Eikon:  ID:nEQ22rkkya 
Further company coverage:  TIMAn.DE 

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