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ZEAL Network SE, DE000ZEAL241

ZEAL Network SE, DE000ZEAL241

11.11.2021 - 07:34:05

ZEAL Network SE: ZEAL continued to grow in the first nine months despite a weaker jackpot situation

"The fact that we have managed to continue to grow with a significantly weaker jackpot development compared to the previous year at the same time significantly improve the profitability makes us proud. It furthermore demonstrates that we have taken the right measures by adjusting marketing investments and implementing strong cost discipline to match the market reality" says Jonas Mattsson, CFO of ZEAL Network SE. "The scalability of our business model will also help us in the future to take advantage of market opportunities, adapt to the dynamic environment and continuously optimise."

Delisting of LOTTO24 AG

On 21 July 2021, ZEAL decided to make an offer to the shareholders of its subsidiary LOTTO24 AG to buy all shares in LOTTO24 AG not directly held by ZEAL Network SE for a cash consideration of EUR 380.97 per LOTTO24 share. The reason for this purchase offer was to enable LOTTO24 AG to apply for a delisting of the LOTTO24 shares. The offer acceptance period ran from 16 August 2021 to 13 September 2021. The offer was accepted for a total of 22,834 LOTTO24 shares (corresponding to 1.42% of share capital). By the close of 13 September 2021, the stock exchange listing of the LOTTO24 shares was terminated. Following settlement of the offer on 23 September 2021, ZEAL holds now 1,527,520 LOTTO24 shares, corresponding to around 94.9% of LOTTO24 AG's share capital.

Guidance adjusted

Following a continued weak jackpot development in the third quarter, ZEAL reduces its 2021 guidance for billings and revenues but increases it's EBITDA guidance due to cost savings. Depending on the general conditions - in particular the further jackpot development - the company now expects for the financial year 2021 a transaction volume of around EUR 650 million (previously: at least EUR 700 million) in the Germany segment. In addition, the company now assumes that revenue will amount to around EUR 86 million (previously: at least EUR 95 million). ZEAL now expects an adjusted EBITDA of around EUR 25 million (previously: at least EUR 20 million).

Selected financial key figures as of 30 Septemeber 2021:

? 2021 2020 Billings (EUR million) 493.21 471.8 Revenue (EUR million) 65.1 64.52 Adjusted EBITDA (EUR million) 17.6 6.9 Gross margin (Germany segment, %) 12.23 12.3 New registered customers (Germany segment, thousand) 446 787 CPL (Germany segment, EUR) 27.57 27.58 ?

About ZEAL Network SE: ZEAL Network SE, Germany's leading online provider of lottery products, is a Hamburg based e-commerce Group which mainly brokers customers' tickets to the state lottery companies through the brands lotto24.de and tipp24.de, for which it receives a commission. The offerings include among others 'LOTTO 6aus49', 'Spiel 77', 'Super 6', 'Eurojackpot', 'Gl?cksSpirale', lotto clubs, 'Keno', the 'Deutsche Fernsehlotterie' and 'freiheit+'. Founded in Germany in 1999, it was initially set up as a lottery broker. In 2005, it was floated on the Frankfurt Stock Exchange (Prime Standard) and became one of the most successful initial public offerings (IPOs) in Germany at the time. In 2009, the Group changed its focus from lottery brokerage to the secondary lottery business. It moved its registered office to London and was renamed as ZEAL Network SE in November 2014. In May 2019, ZEAL completed the takeover of LOTTO24 AG, returned its Tipp24 secondary lottery to the German brokerage business in October 2019 and relocated its registered office back to Germany in the same month.

Contact: ZEAL Network SE Sebastian Blohm Public Relations T: +49 (0)40 809036038 presse@zealnetwork.de

11.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.dgap.de

Language: English Company: ZEAL Network SE Stra?enbahnring 11 20251 Hamburg

Germany Phone: +49 (0)40 8090360-42 Fax: +49 (0)40 822239-77 E-mail: frank.hoffmann@zealnetwork.de Internet: www.zealnetwork.de ISIN: DE000ZEAL241 WKN: ZEAL24 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1248083 ? End of News DGAP News Service

1248083??11.11.2021?

@ dgap.de