ZEAL Network expects for the Fiscal 2019 results from operating activities Depreciation and special effects (EBITDA) between EUR 27 million and EUR 30 Million.

This represents an increase compared to August 12, 2019 published earnings forecast for 2019 that shows an EBITDA of EUR 18 to 21 million (2018: EUR 48 million).

Because of that in the original planning Business model changes to be taken into account from October 1, 2019 Online lottery brokerage business was implemented on October 15th the ZEAL Group made additional earnings contributions from the Generate second lottery business.

Marketing investments also fell, ZEAL uses depending on the respective jackpot development, less than expected, both due to lower jackpots as well given that after the business model change not yet complete again increased marketing spend for Tipp24.com.