REG-ZEAL Network SE ZEAL Network SE: Upward Adjustment of EBIT Guidance (Profit Estimate)

ZEAL Network SEAnnouncement

30/01/2019 11:45

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   ZEAL Network SE (-)
   ZEAL Network SE: Upward Adjustment of EBIT Guidance (Profit Estimate)

   30-Jan-2019 / 12:40 CET/CEST
   Dissemination of a Regulatory Announcement that contains inside
   information according to REGULATION (EU) No 596/2014 (MAR), transmitted by
   EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ZEAL Network SE: Upward Adjustment of EBIT Guidance (Profit Estimate)

   ZEAL Network SE ('ZEAL') expects for the financial year 2018 that the
   Result from operating activities (EBIT) will range between EUR 37 million
   and EUR 39 million (the 'Profit Estimate'), and Total Operating
   Performance (TOP) between EUR 158 million and EUR 160 million. This is not
   a statement about facts and should not be interpreted as such by potential
   investors.

   This is an upward adjustment from the previous profit forecast for 2018,
   released on 19 November 2018, which provided a Result from operating
   activities (EBIT) estimate range of EUR 33 million to EUR 38 million. It
   reflects the strong performance of ZEAL's business in the months of
   November and December 2018 and the absence of remaining prize pay-out
   risks for the financial year 2018.

   The estimate in respect of TOP is included in order to provide additional
   guidance but does not form part of the Profit Estimate.

   The Profit Estimate has been prepared on the basis of the unaudited
   condensed interim consolidated financial statements of ZEAL as of and for
   the nine months ended 30 September 2018 and the unaudited management
   accounts of the ZEAL group as of and for the fiscal year ended 31 December
   2018.

   The Profit Estimate is based upon information that is currently available.
   However, the finalisation of the consolidated financial statements of ZEAL
   as of and for the fiscal year ended 31 December 2018, including the audit,
   is not expected to be completed until the expected publication of the
   consolidated financial statements of ZEAL for the fiscal year 2018 on 22
   March 2019 and therefore further events may occur or information become
   available that would impact the audited results for 2018. Therefore, the
   Profit Estimate is prepared on the basis of assumptions about past events
   and actions and it naturally entails substantial uncertainties and the
   Result from operating activities (EBIT) of ZEAL may differ materially from
   the corresponding estimated Result from operating activities (EBIT).

   The preparation and external audit of the consolidated financial
   statements of ZEAL as of and for the fiscal year ended 31 December 2018 is
   in progress and is anticipated to continue up until the expected
   publication of the 2018 annual report and accounts on 22 March 2019. It is
   possible that adjustments to the Profit Estimate may be required during
   the finalisation of the financial statements and subsequent to the
   external audit.

   Important note

   To the extent that this announcement contains forward-looking statements,
   such statements do not represent facts. Forward-looking statements include
   all matters that are not historical facts. They are characterised by the
   words 'expect', 'believe', 'estimate', 'intend', 'aim', 'assume', 'plan'
   or similar expressions. Such statements express the intentions, opinions
   or current expectations and assumptions of ZEAL Network SE. Such
   forward-looking statements are based on current plans, estimates and
   forecasts which ZEAL Network SE has made to the best of its knowledge, but
   which do not claim to be correct in the future. Forward-looking statements
   are subject to risks and uncertainties that are difficult to predict and
   usually cannot be influenced by ZEAL Network SE or the persons acting in
   conjunction with it. Actual events or consequences may differ materially
   from those contained in or expressed by such forward-looking statements.

   Contact:
   Frank Hoffmann, CEFA
   Investor Relations

   ZEAL
   5th Floor - One New Change
   London EC4M 9AF

   T +44 (0) 20 3739-7123
   F +44 (0) 20 3739-7199

   frank.hoffmann@zeal-network.co.uk

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   ISIN:           GB00BHD66J44
   Category Code:  TST
   TIDM:           -
   LEI Code:       391200EIRBXU4TUMMQ46
   OAM Categories: 2.2. Inside information
   Sequence No.:   7291
   EQS News ID:    770975


    
   End of Announcement EQS News Service

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