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.
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