A strong start to 2018 for ZEAL Group

Business News

ZEAL Group, the world’s leading lottery innovator, today unveiled strong results for the first three months of 2018, delivering Earnings Before Interest and Tax (EBIT) of EUR9.2million (2017: EUR0.2 million).

The Group also generated a 6.4% growth in billings to EUR72.8 million (2017: EUR68.4 million), driven by continued positive performance from new products including, Powerball and Instant Win Games, which encouraged higher customer spend. Average Billings Per User increased to EUR58.02 (2017: EUR54.35).

Total Operating Performance increased to EUR39.8 million (2017: EUR24.1 million), in line with guidance and positively impacted by the reduction in exceptional prize pay-outs during the quarter (2018: EURNil; 2017: EUR15.0 million).

Continued investment in new products and marketing delivered 140k new registered customers for the Group and our partners; an increase of 59% year-on-year (2017: 88k).

Jonas Mattsson, Chief Financial Officer, ZEAL Group said: ‘It has been a strong start to 2018 for ZEAL. Our active strategy of building a more diverse portfolio is paying off, with a larger range of higher jackpot products driving increased customers, spend and billings.’

For 2018, ZEAL Group expects to deliver EBIT in the range of EUR33 million – EUR43 million, and Total Operating Performance (TOP) of EUR150 million – EUR160 million. ZEAL Group expects to pay a dividend of at least EUR1.00 per share in 2018, subject to financial performance.