ZEAL claims ‘solid’ performance as finances increase in Q1
ZEAL Group has cited growth within its consumer-facing business as one of the main reasons behind financial success during the first quarter.
The lottery group's revenue in the three-month period amounted to €37.6 million ($42.4 million), up from €34.9 million in the corresponding quarter last year.
Total operating performance was up from €36.1 million to €38.6 million, while earnings before interest and tax increased slightly from €14.1 million to €14.2 million.
However, despite these positive figures, ZEAL did note a drop in net profit, which fell from €9.5 million to €8.7 million, while earnings per share were also down from €1.13 to €1.04.
Helmut Becker, chief executive of ZEAL, said: “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.
“We continue to lay foundations for future strategic development through investments in marketing, product improvements and in our business-to-business offering.”
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