BRIEF

on ZEAL Network SE (isin : DE000ZEAL241)

ZEAL Network SE Shows Strong Growth in 2024

ZEAL Network SE, a leading German online lottery provider, reported a 41% increase in group revenue for the first nine months of 2024, reaching €121.0 million. EBITDA rose by 51% to €35.0 million. This growth is attributed mainly to a significant 35% surge in lottery revenue and a record 807 thousand new customers. The company expects revenue for 2024 to be between €158 million and €168 million, revising an earlier forecast.

The lottery business showed robust performance, with earnings driven by a 17% rise in monthly active customers. ZEAL improved its gross margin to 14.5% by optimizing the product mix. Marketing efforts saw acquisition costs per customer decrease by 24%.

ZEAL also introduced the Traumhausverlosung charity lottery, which exceeded expectations. Additionally, ZEAL completed a squeeze-out of LOTTO24 AG minority shareholders and announced a €25 million public share repurchase, further optimizing their capital structure.

R. H.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all ZEAL Network SE news