LOTTO24 AG

  • WKN: LTT024
  • ISIN: DE000LTT0243
  • Land: Deutschland

Nachricht vom 09.05.2019 | 07:30

LOTTO24 AG: Lotto24 continues to grow despite weak jackpot development in the first quarter of 2019

DGAP-News: LOTTO24 AG / Key word(s): Quarterly / Interim Statement

09.05.2019 / 07:30
The issuer is solely responsible for the content of this announcement.


Lotto24 continues to grow despite weak jackpot development in the first quarter of 2019

- Billings and revenues increase by 3.6% and 0.7%

- EBIT and net profit reach EUR 0.9 million and EUR 1.0 million

- 93.04% of Lotto24 shareholders accept ZEAL takeover offer

(Hamburg, 9 May 2019) Following an eventful fiscal year 2018 with exceptionally strong jackpots Lotto24 AG (Lotto24.de), Germany's leading online provider of state-run lotteries, continued to grow in the first quarter of 2019 - despite a comparatively weak jackpot trend: Billings grew by 3.6% to EUR 75.9 million (prior year: EUR 73.3 million) while revenues rose by 0.7% to EUR 8.6 million (prior year: EUR 8.6 million). Due to the jackpot-related lower share of lotto clubs, our gross margin of 11.4% fell just short of the prior-year figure (11.7%).

With 86 thousand new customers in the first three months of 2019 (prior year: 180 thousand), the total number of customers registered with Lotto24 grew by 28.7% to 2,255 thousand (prior year: 1,753 thousand). At the same time, due to the weak jackpot trend in the first quarter of 2019, our marketing expenses halved to EUR 2.3 million (prior year: EUR 4.6 million). The marketing costs per registered new customer (cost per lead, CPL) thus amounted to EUR 27.10 (previous year: EUR 25.52). Despite consulting costs of EUR 0.5 million in the first quarter of 2019, relating to the takeover offer, the positive revenue trend and reduced marketing expenses in particular helped lift EBIT to EUR 0.9 million (prior year: EUR -0.3 million). At EUR 1.0 million, net profit was also up on the previous year (EUR -1.3 million).

In connection with the takeover offer published on 19 November 2018, ZEAL Network SE announced on 11 April 2019 that all closing conditions pursuant to the offer document published on 31 January 2019 had been satisfied. On 3 May 2019, ZEAL also announced that 93.04% of Lotto24 shareholders had accepted the voluntary public takeover offer.

"We would like to thank all Lotto24 shareholders for their trust - both over the past years and in the future - and are pleased that they will continue to accompany us, as part of the ZEAL Group, on our future path," said Petra von Strombeck, CEO of Lotto24 AG.

About Lotto24 AG: Lotto24 is Germany's leading online provider of state-licensed lotteries (Lotto24.de). Lotto24 brokers customers' tickets to the state lottery companies and the »Deutsche Fernsehlotterie«, for which it receives a commission. The offerings include among others »Lotto 6aus49«, »Spiel 77«, »Super 6«, »EuroJackpot«, »GlücksSpirale«, lotto clubs, »Keno« and the »Deutsche Fernsehlotterie«. After its foundation in 2010 and IPO in 2012 on the Frankfurt Stock Exchange (Prime Standard), Lotto24 is now the market leader. As a fast-growing company with a strong service and customer orientation, Lotto24 aims to provide its customers online as well as mobile with the most convenient, secure and modern game experience possible.

Contact:
Lotto24 AG
Vanina Hoffmann
Manager Investor & Public Relations
Tel.: +49 40 82 22 39 - 501
E-mail: ir@lotto24.de
Internet: Lotto24-ag.de
Lotto24.de



09.05.2019 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.

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