DGAP-Ad-hoc: ZEAL Network SE / Key word(s): Change in Forecast
ZEAL Network SE: Upward Adjustment of EBIT Guidance (Profit Estimate)
30-Jan-2019 / 12:38 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
*ZEAL Network SE: Upward Adjustment of EBIT Guidance (Profit Estimate)*
ZEAL Network SE ("ZEAL") expects for the financial year 2018 that the Result
from operating activities (EBIT) will range between EUR 37 million and EUR
39 million (the "Profit Estimate"), and Total Operating Performance (TOP)
between EUR 158 million and EUR 160 million. This is not a statement about
facts and should not be interpreted as such by potential investors.
This is an upward adjustment from the previous profit forecast for 2018,
released on 19 November 2018, which provided a Result from operating
activities (EBIT) estimate range of EUR 33 million to EUR 38 million. It
reflects the strong performance of ZEAL's business in the months of November
and December 2018 and the absence of remaining prize pay-out risks for the
financial year 2018.
The estimate in respect of TOP is included in order to provide additional
guidance but does not form part of the Profit Estimate.
The Profit Estimate has been prepared on the basis of the unaudited
condensed interim consolidated financial statements of ZEAL as of and for
the nine months ended 30 September 2018 and the unaudited management
accounts of the ZEAL group as of and for the fiscal year ended 31 December
2018.
The Profit Estimate is based upon information that is currently available.
However, the finalisation of the consolidated financial statements of ZEAL
as of and for the fiscal year ended 31 December 2018, including the audit,
is not expected to be completed until the expected publication of the
consolidated financial statements of ZEAL for the fiscal year 2018 on 22
March 2019 and therefore further events may occur or information become
available that would impact the audited results for 2018. Therefore, the
Profit Estimate is prepared on the basis of assumptions about past events
and actions and it naturally entails substantial uncertainties and the
Result from operating activities (EBIT) of ZEAL may differ materially from
the corresponding estimated Result from operating activities (EBIT).
The preparation and external audit of the consolidated financial statements
of ZEAL as of and for the fiscal year ended 31 December 2018 is in progress
and is anticipated to continue up until the expected publication of the 2018
annual report and accounts on 22 March 2019. It is possible that adjustments
to the Profit Estimate may be required during the finalisation of the
financial statements and subsequent to the external audit.
*Important note*
To the extent that this announcement contains forward-looking statements,
such statements do not represent facts. Forward-looking statements include
all matters that are not historical facts. They are characterised by the
words 'expect', 'believe', 'estimate', 'intend', 'aim', 'assume', 'plan' or
similar expressions. Such statements express the intentions, opinions or
current expectations and assumptions of ZEAL Network SE. Such
forward-looking statements are based on current plans, estimates and
forecasts which ZEAL Network SE has made to the best of its knowledge, but
which do not claim to be correct in the future. Forward-looking statements
are subject to risks and uncertainties that are difficult to predict and
usually cannot be influenced by ZEAL Network SE or the persons acting in
conjunction with it. Actual events or consequences may differ materially
from those contained in or expressed by such forward-looking statements.
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
30-Jan-2019 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
770963 30-Jan-2019 CET/CEST
(END) Dow Jones Newswires
January 30, 2019 06:38 ET (11:38 GMT)
© 2019 Dow Jones News