LOTTO24 AG
LOTTO24 AG: Very strong fiscal year 2016 with 399 thousand new customers
LOTTO24 AG / Key word(s): Preliminary Results 10-Jan-2017 / 15:44 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Lotto24 AG: Very strong fiscal year 2016 with 399 thousand new customers (Hamburg, 10 January 2017) According to preliminary estimates, Lotto24 AG has again exceeded the guidance it already upgraded in October last year due to a further very favourable jackpot development - especially of the EuroJackpot lottery: in the fourth quarter of 2016, billings reached around EUR 59.0 million (prior year: EUR 35.3 million) and thus grew year on year by about 67%, according to preliminary estimates. With a preliminary figure of EUR 6.9 million (prior year: EUR 3.6 million), revenues even rose by around 95% in the fourth quarter of 2016. For fiscal year 2016 as a whole, billings and revenues thus grew by approximately 47% to EUR 200.5 million (prior year: EUR 136.3 million) and around 67% to EUR 22.6 million (prior year: EUR 13.5 million) respectively, according to preliminary estimates. Due in part to the successful roll-out of lotto clubs in 2016, gross margin improved to 11.8% in the fourth quarter of 2016 (prior year: 10.1%) and thus stood at 11.3% for 2016 as a whole (prior year: 9.9%). With a preliminary figure of 113 thousand new customers in the fourth quarter of 2016 alone (prior year: 56 thousand) - corresponding to growth of around 102% - Lotto24 once again succeeded in raising the number of new customers in fiscal year 2016 by around 10% to 399 thousand (prior year: 361 thousand), according to preliminary calculations. As of 31 December 2016, the number of registered customers thus totalled 1,282 thousand (prior year: 883 thousand). Cost per lead (CPL) of EUR 27.13 in 2016 was well below the prior-year figure of EUR 32.99. This trend was helped by a CPL of EUR 26.85 in the fourth quarter (prior year: EUR 37.19). Based on preliminary calculations, there was a significant improvement in EBIT to EUR -3.9 million (prior year: EUR -13.4 million) and in net profit to EUR -2.3 million (prior year: EUR -10.8 million), due in particular to the strong revenue trend and reduced marketing expenditure of EUR 10.8 million (prior year: EUR 11.9 million). In 2017, Lotto24 AG plans to extend its market leadership as an online provider of state-licensed lotteries and continue its sustainable growth strategy. The company expects jackpot effects to be lower than in the previous year and thus anticipates a significant reduction in marketing expenditure, with much lower new customer figures and higher CPL. Lotto24 also expects to raise billings by 15% to 20% with a stable gross margin compared to the previous year. Depending on external conditions - especially the jackpot trend - and marketing investments to attract new customers, EBIT is expected to slightly exceed break-even; net profit will be clearly above the break-even point. The Annual Report 2016 is to be published on 30 March 2017. --------------------------------------------------------------------------- 10-Jan-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: LOTTO24 AG Straßenbahnring 11 20251 Hamburg Germany Phone: +49 (0)40 8 222 39 0 Fax: +49 (0)40 8 222 39 70 E-mail: ir@lotto24.de Internet: www.lotto24-ag.de ISIN: DE000LTT0243 WKN: LTT024 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News Service
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