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ZEAL Group reported its first quarter 2016 results
ZEAL GROUP SATISFIED WITH FIRST QUARTER RESULTS
Core underlying profitability is pleasing says CEO.
ZEAL Group reported its first quarter 2016 results saying it had continued to build on its strong performance in 2015 and was pleased with the core underlying profitability of the Group.
ZEAL revealed it had acquired the remaining non-ZEAL held interest in Geonomics Global Games Limited (GGGL) and its joint venture, Geo24 UK Limited (Geo24) towards the end of the quarter for Euro 1.3 million, maintaining that the technical capabilities and expertise of the personnel employed by GGGL and Geo24 fit well with the Group's wider growth aspirations.
Consolidated revenue and total operating performance during Q1/2016 rose to Euro 37.6 million (Q1/2015: Euro 34.9 million) and Euro 38.6 million (Q1/2015: Euro 36.1 million) respectively, performance driven primarily by the rollout of instant win games and an increase in user registrations and activity.
Consolidated "normalised" revenue in the first three months of 2016 increased by 11 percent to Euro 35.6 million (Q1/2015: Euro 32.1 million) and EBIT in Q1/2016 totalled Euro 14.2 million (Q1/2015: Euro 14.1 million). Earnings per share contracted year on year from Euro 1.13 to Euro 1.04.
"Our first quarter results underline the strength of our business model; evidenced particularly by the sustained level of growth shown in all areas of our consumer facing business,” Dr Helmut Becker, chief executive officer of ZEAL commented. “We continue to lay foundations for future strategic development through investments in marketing, product improvements and in our business-to-business offering”.
Looking ahead, the Group is confident it remains well positioned to capitalise on opportunities from changes to regulatory conditions and relatively low internet penetration of the lottery industry and continues to expect a full year total operating performance of Euro 140-150 million and full year EBIT of Euro 40-50 million.
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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