ZEAL Network SE
TIMA
ISIN DE000ZEAL241 / Valor 50719609
ZEAL Network SE
UMushroom community rating:
About company
ZEAL Network SE, headquartered in Hamburg, Germany, is a prominent online lottery provider, primarily engaging in the brokerage of lottery tickets to state lottery companies through its well-known brands, lotto24.de and tipp24.de. The company earns commissions by facilitating customer access to a variety of lottery products, including 'LOTTO 6aus49', 'EuroJackpot', and 'GlücksSpirale', among others. Founded in 1999, ZEAL initially operated as a lottery broker before transitioning to the secondary lottery business in 2009. After a successful IPO on the Frankfurt Stock Exchange in 2005, the company underwent significant transformations, including a rebranding to ZEAL Network SE in 2014, a relocation of its registered office to London, and later, a return to Germany in 2019. That same year, ZEAL completed the acquisition of LOTTO24 AG and shifted its Tipp24 brand back to the German brokerage business, reinforcing its position in the online lottery market.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (14.08.2024):
Revenue Growth
In the first half of 2024, ZEAL Network SE reported a significant increase in group revenue, which grew by 40 percent compared to the same period in 2023. The revenue reached €76.8 million, up from €54.8 million in the previous year. This growth was primarily driven by the strong performance of their lottery business.
EBITDA Increase
ZEAL Network SE's EBITDA saw a substantial rise in the first half of 2024, increasing by 46 percent to €20.1 million from €13.8 million in the first half of 2023. This impressive growth reflects the company's excellent operating performance and improved cost efficiency.
Customer Acquisition
ZEAL Network SE experienced a remarkable 70 percent increase in the number of new customers in the first half of 2024, with 592 thousand new registrations compared to 349 thousand in the same period of the previous year. The cost per lead (CPL) also decreased by 26 percent, highlighting the efficiency of their customer acquisition strategies.
Lottery Business Performance
The core lottery business of ZEAL Network SE showed strong performance, with billings increasing by 23 percent to €507.1 million and revenue rising by 33 percent to €68.0 million in the first half of 2024. The average number of active customers grew by 21 percent, contributing significantly to this revenue growth.
EBIT Growth
ZEAL Network SE's EBIT for the first half of 2024 was €16.1 million, marking a 73 percent increase from €9.3 million in the same period of the previous year. This growth was driven by the significant rise in sales and improved cost efficiency, reinforcing the company's strong financial performance.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1118 M
Market cap (USD)
3,185
Daily traded volume (Shares)
48.5 / 46.9
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
