ZEAL Network SE Financial Results H1 2023 | Rapid Growth & Game Expansion Highlights with CFO

Overview: ZEAL Network’s Growth in H1 2023 Jonas Mattsson, the CFO of ZEAL Network, underscored a potent 15% upswing in billings volume YoY during the first half of 2023, augmented by strategic growth investments and significant customer acquisition, especially during high jackpot phases. Remarkable events included acquiring and launching a new games license and celebrating a customer securing a mega jackpot in August – marking the third instance this year.   After securing its license, ZEAL launched its online games business, offering 18 games and targeting expansion in 2024. Notably, while their primary lotteries, Lotto 6 out of 49 and Euro jackpot, exhibited varying jackpot developments, the former demonstrated an enhanced performance relative to the preceding year.   The company witnessed an 11% revenue increase, chiefly spurred by a June surge. Conversely, total costs escalated by approximately 20%, with a notable 44% increment in marketing costs compared to the previous year, majorly focused on customer acquisition. The EBITDA was recorded at around 40 million euros, resulting in a 25% EBITDA margin for this span, with a slight decline largely attributed to amplified marketing expenditures. Net profit remained around 6 million euros.   The transaction volume soared by an impressive 50%, touching 412 million euros, predominantly fuelled by the peak jackpot in June. Even after a substantial dividend payment of nearly 80 million euros in May, the company maintained a net cash position of 23 million euros. New customer registrations experienced a nearly 20% surge, amassing 349,000 new patrons.   In conclusion, Jonas outlined ZEAL’s annual projections: billings ranging from 800 to 830 million euros, revenues oscillating between 110 to 120 million euros, and an anticipated EBITDA settling between 30 to 35 million euros. Emphasis was placed on the company’s thriving business growth, the strategic inauguration of the online games business, and an aggressive customer acquisition strategy. Strategic Expansion in Online Games BusinessFinancial Outcomes and Revenue IncreaseRevenue and Costs DevelopmentTransaction Volume and Dividend PaymentZEAL’s Guidance and Future Outlook ================================= ▶️ Other videos: Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/ Company Presentation: https://seat11a.com/investor-relations-company-presentation/ Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/ Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ ESG Presentation: https://seat11a.com/investor-relations-esg/ ================================= T&C This publication is for informational purposes only and does not constitute investment advice. By using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.