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ZEAL Network SE / Miscellaneous - High Priority
ZEAL Network SE: Adjustment of guidance due to prize pay-out
09-March-2017 / 17:08 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by 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
frank.hoffmann@zeal-network.co.uk
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de/ukreg
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: 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, Hanover,
Munich, Stuttgart, Tradegate Exchange
Category Code: MSCH
TIDM: -
Sequence No.: 3929
End of Announcement EQS News Service
552561 09-March-2017
(END) Dow Jones Newswires
March 09, 2017 11:08 ET (16:08 GMT)
