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

ZEAL Network SE / Key word(s): Change in Forecast
02.09.2015 18:37

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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

The pay-out amount falls within the retention specified in MyLotto24's hedging instruments. Total Operating Performance and EBIT in the current fiscal year 2015, will therefore be impacted by EUR 15 million.
Therefore, ZEAL has adjusted both its Total Operating Performance and EBIT guidance for the current fiscal year 2015. While statistical fluctuations like these are inherent to the secondary lottery business model, MyLotto24 Limited has had above statistical average jackpot pay-outs for 2015 year-to-date. Assuming ordinary course of business in the remaining fiscal year, ZEAL is lowering its Total Operating Performance guidance of EUR 135-145 million to EUR 120-130 million and EBIT guidance of EUR 35-45 million to EUR 20-30 million.

As previously communicated, ZEAL now uses Total Operating Performance instead of Revenues for its revenue guidance, in order to account for the effects of the hedging mechanism.

ZEAL confirms its communicated policy of paying a total dividend of at least EUR 2.80 per share in the current year.

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Contact:

ZEAL Network SE
Investor Relations
Tel.: +44 20 3739-7123 E-Mail: media@zeal-network.co.uk Internet: www.zeal-network.co.uk


02.09.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      ZEAL Network SE
              5 th Floor One New Change 
              EC4M 9AF London
              United Kingdom
Phone:        +44 (0)20 3739-7000
Fax:          +44 (0)20 3739-7099
E-mail:       office@zeal-network.co.uk
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, Munich,               Stuttgart
 
End of Announcement DGAP News-Service  

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