Online lottery provider ZEAL reported a positive third quarter in its latest summary along with a 54 percent increase in new registered customers.
Key performance highlights for the nine month period ending September 30, 2018 include:
5 percent increase in billings amounting to Euro 212.4 million (9M/2017: Euro 201.7 million) attributed to higher average jackpots in core products and strong performance in Instant Win Games and US lotteries.
An 8 percent increase in Revenues of Euro 111.2 million (9M/2017: Euro 93.8 million).
EBIT up 26 percent to Euro 29.1 million (9M/2017: Euro 12.5 million).
Total Operating Performance to Euro 114.1 million (2017: Euro 97.6 million), up 17 percent.
Earnings per share of Euro 2.39 (9M/2017: Euro 1.04).
418,000 new registered customers, up 54 percent year-on-year.
Helmut Becker, Chief Executive Officer, ZEAL Group:
“We continue to deliver strong profitable growth; focusing firmly on controlling costs while also improving customer acquisition and activity. In our core business, customer numbers, billings and revenues are all significantly up, while our acquisition costs per customer have halved. This is the result of the optimisations and investments we have continued to make.
“With positive performance also coming through from our start-ups in Norway and the UK, ZEAL is excellently positioned to capitalise on the global lottery sector’s growth potential.”