ZEAL sees return to profit this quarter as revenue rebounds
ZEAL Network SE has made a successful start to the year 2022 compared to the previous year, ZEAL was able to increase billings by 11% to € 181.2m (2021: € 163.3m). Total revenue also grew by 11 % to € 25.1m (2021: € 22.6m).
At € 4.1m, personnel expenses were below the previous year’s level (2021: € 5.2m). Other operating expenses also fell slightly to € 12.4m (2021: € 12.9m). As a result, EBITDA increased to € 8.9m (2021: € 4.6m). EBIT and net profit for the period were also significantly higher than the previous year’s figures, at € 6.8m and € 5.0m respectively (2021: € 2.4m and € 2.5m).
“We have made a good start to 2022 and were able to increase revenue and profitability once again. This gives us momentum to invest in further growth this year,” says Jonas Mattsson, CFO of ZEAL Network SE.
ZEAL’s forecast for transaction volume, revenue and EBITDA remains unchanged. For the financial year 2022, ZEAL still plans to maintain its market leadership as an online provider of lottery products as well as to introduce new products, including “online games” based on the applied-for license for virtual slot games.