Central Europe
ZEAL Network Reports Good Start to 2021

German online lottery products provider ZEAL Network SE has reported a good start to 2021, with the company increasing its revenue, profitability and achieving a strong gross margin.
In the first quarter of 2021, billings rose by 17% to EUR 163.31 million (2020: EUR 140.0 million), of which the Germany segment accounted for almost the entire amount at EUR 163.3 million (2020: EUR 139.7 million). Revenue increased by as much as 19% to EUR 22.6 million (2020: EUR 19.0 million), of which EUR 21.1 million was attributable to the Germany segment (2020: EUR 17.0 million). At 12.7%, the gross margin in the Germany segment was above the prior-year level (2020: 12.1%).
During the fiscal period, the Company gained 156 thousand new registered customers in the Germany segment (2020: 206 thousand). Adjusted EBITDA rose to EUR 4.6 million (2020: EUR 2.8 million) – there were no non-recurring expenses or income. The Germany segment accounted for EUR 4.1 million of this amount (2020: EUR 1.9 million). EBIT and net profit of EUR 2.4 million and EUR 2.5 million, respectively, were also well above the prior-year figures (2020: EUR 0.0 million and EUR 0.1 million, respectively).
“We are pleased that, following the LOTTO24 takeover, the business model change and the organisational adjustments, we will again be able to publish truly comparable figures in the current and previous reporting periods with the first quarter of 2021. In addition, we already demonstrated in the past year that we are capable of exploiting market opportunities, adapting to dynamic environments and continuously fine-tuning our business model. We are consistently continuing along this path,” Jonas Mattsson, CFO of ZEAL Network SE, said.
-
Africa7 days ago
New Governing Board of the Gaming Commission of Ghana Sworn in
-
Asia7 days ago
Macau Government Extends Lottery Concession of Macau Slot Until 5 June 2026
-
Latest News7 days ago
Week 26/2025 slot games releases
-
Africa7 days ago
QTech Games hires Ekaterina Mayorova as sales lead for Africa & Eastern Europe
-
Industry News6 days ago
CHIPS confirmed as Clarion Gaming charity partner ahead of appearance at iGB Affiliate Awards
-
Central Europe7 days ago
German Federal Government Significantly Increases the Budget for Games Funding
-
Compliance Updates7 days ago
Nick Rust to Step Down as Chair of UKGC’s Industry Forum
-
Conference7 days ago
Amatic Industries Showcased its Latest Innovations at Peru Gaming Show 2025