Zeal Network SE - Earnings Release 2017

News Details

Ad-hoc | 9 March 2017 17:02

ZEAL Network SE: Adjustment of guidance due to prize pay-out

ZEAL Network SE / Key word(s): Change in Forecast

09-March-2017 / 17:02 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Adjustment of guidance due to prize pay-out

In a secondary lottery held by MyLotto24 Limited, a fully consolidated minority shareholding of ZEAL Network SE, a player has won a prize of approximately EUR 15 million.

The pay-out amount falls within the self-retention specified in MyLotto24’s hedging instruments. Total Operating Performance and EBIT in the current fiscal year 2017 will therefore be impacted by EUR 15 million.

While statistical fluctuations are inherent to the secondary lottery business model, MyLotto24 has had prize pay-outs above the statistical average in the current year to date and including the current pay-out. ZEAL has therefore adjusted its Total Operating Performance and EBIT guidance for the current fiscal year 2017. Assuming a normal course of business in the remaining year (i.e. prize pay-outs around the statistical average), ZEAL reduces its Total Operating Performance guidance for 2017 from EUR 145-155 million to EUR 130-140 million and its EBIT guidance from EUR 30-40 million to EUR 15-25 million.

ZEAL confirms its communicated intention of paying a total dividend of at least EUR 1.00 per share in the current year.

Contact:

Frank Hoffmann, CEFA

Investor Relations

ZEAL

5th Floor – One New Change

London EC4M 9AF

T +44 (0) 20 3739-7123

F +44 (0) 20 3739-7199

[email protected]

09-March-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	ZEAL Network SE
	5th Floor One New Change
	EC4M 9AF London
	United Kingdom
Phone:	+44 (0)203 739-7000
Fax:	+44 (0)203 739-7099
E-mail:	[email protected]
Internet:	www.zeal-network.co.uk
ISIN:	GB00BHD66J44
WKN:	TPP024
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange