Zeal outperforms guidance but increased jackpot pay-outs weigh on results

1st March 2017 7:33 am GMT

German online lottery broker Zeal Network has posted better-than-expected preliminary results for 2016, although total revenue is expected to be down 1 per cent compared to the previous year.

The company said Wednesday that it expects revenue (total operating performance) to be down 1 per cent at €139.6m for the full year, although this is ahead of the company’s previous guidance range of between €125m and €135m.

Zeal generated €37.9m in statutory earnings before interest [...]