Lotto24 AG: Further strong growth in billings and revenues
Lotto24 AG / Key word(s): Half Year Results Lotto24 AG: Further strong growth in billings and revenues (Hamburg, 7 August 2014) Despite a more challenging market environment compared to the previous year, Lotto24 AG once again succeeded in stabilising and improving its key performance indicators in the first half of 2014: at EUR 36.7 million (+403.4%) and EUR 3.4 million (+411.3%), respectively, both billings and revenues easily exceeded their prior-year figures in the first six months of 2014. In the second quarter, billings amounted to EUR 17.5 million (prior year: EUR 5.3 million) with revenues of EUR 1.6 million (prior year: EUR 0.5 million). Thanks to an encouraging gross margin of 9.4% in the second quarter (prior year: 8.8%), the figure for the first six months as a whole rose to 9.2% (prior year: 9.0%). In line with planning, EBIT was burdened by higher advertising activities for new customer acquisition than in the previous year and fell to EUR -7.3 million in the first half of 2014 (prior year: EUR -4.5 million). The net loss for the period amounted to EUR -7.5 million (prior year: EUR -3.0 million). Cost per lead reduced »The size of jackpots plays an increasingly important role for new customer acquisition,« says Petra von Strombeck, CEO of Lotto24 AG. »Whereas a »Lotto 6aus49« jackpot of EUR 20 million was still sufficient in 2013 to attract German lottery players in their masses, much higher jackpot sums are now required. We are therefore all the more delighted about the high quality of our customers, their activity rates and average billings. This also justifies the use of higher CPLs than in the past.« Guidance confirmed Reappointment of Executive Board member Magnus von Zitzewitz About Lotto24 AG: Lotto24 is Germany's leading online broker of state-licensed lotteries (www.lotto24.de). On behalf of its customers, the company enters into gaming contracts with the respective lottery companies for lottery products such as »Lotto 6aus49«, »Spiel 77«, »Super 6«, »EuroJackpot« and »Glücksspirale«. Following its foundation in 2010, the company was one of the first private online lottery brokers to resume activities on the German market when the new State Treaty on Games of Chance came into effect in 2012 and to receive all the necessary state permits. Lotto24 AG has been listed in the Prime Standard segment of the Frankfurt Stock Exchange since 3 July 2012. Lotto24 aims to extend its position as Germany's leading online broker of lottery products. Press contact:
07.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Lotto24 AG | |
Straßenbahnring 11 | ||
20251 Hamburg | ||
Germany | ||
Phone: | +49 (0)40 8 222 39 0 | |
Fax: | +49 (0)40 8 222 39 70 | |
E-mail: | ir@lotto24.de | |
Internet: | www.lotto24-ag.de | |
ISIN: | DE000LTT0243 | |
WKN: | LTT024 | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart | |
End of News | DGAP News-Service |
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