LOTTO24 AG: Lotto24 AG continues to grow in H1 2017

DGAP-News: LOTTO24 AG / Key word(s): Half Year Results

09.08.2017 / 07:30
The issuer is solely responsible for the content of this announcement.

Lotto24 AG continues to grow in H1 2017

- EBIT and net profit pass break-even point for first time

Hamburg, 9 August 2017 - Lotto24 AG,, Germany's leading online provider of state lotteries, continued its expansionary course in the first half of 2017 and took a major step towards achieving its goal of sustainable and profitable growth: at EUR 112.8 million, billings were up 33.4% on the previous year (EUR 84.5 million), while revenues of EUR 13.0 million exceeded the prior-year figure (EUR 9.2 million) by as much as 40.6%. In the second quarter of 2017, billings and revenues grew year on year by 26.7% to EUR 54.6 million (prior year: EUR 43.1 million) and by 31.3% to EUR 6.3 million (prior year: EUR 4.8 million), respectively. As Lotto24 only launched lotto clubs in February 2016 and their positive impact on the previous year was thus correspondingly shorter, gross margin of 11.5% in the first half of 2017 was also above the corresponding prior-year figure of 10.9%. The second quarter contributed towards this growth with a gross margin of 11.6% (prior year: 11.2%).

With 161 thousand new customers in the first half of 2017 (prior year: 175 thousand new customers) - of which 66 thousand in the second quarter (prior year: 69 thousand) - the total number of customers registered with Lotto24 AG grew by 36.3% to 1,442 thousand (prior year: 1,058 thousand).

"Thanks to efficient marketing measures - which we tailor to the prevailing jackpot trend - we were able to reduce cost per lead (CPL) from EUR 28.73 to EUR 25.13 in the first half of 2017," says Petra von Strombeck, CEO of Lotto24 AG.

In the second quarter, CPL fell from EUR 33.82 in the previous year to EUR 26.64. The strong revenue trend and reduction in marketing expenditure from EUR 5.0 million to EUR 4.0 million led to the first-ever positive figures for both EBIT and net profit: in the first half of 2017, EBIT reached EUR 0.4 million (prior year: EUR -3.4 million) and net profit EUR 0.6 million (EUR -1.4 million).

"Following the positive development of business in the first half of 2017, we are well on track to reach our targets again," adds Petra von Strombeck.

About Lotto24 AG: Lotto24 AG is Germany's leading online provider of state-licensed lotteries ( Lotto24 brokers customer tickets to the state-owned lottery companies of Germany's federal states and the »Deutsche Fernsehlotterie«, for which it receives a commission. The product range includes »Lotto 6aus49«, »Spiel 77«, »Super 6«, »EuroJackpot«, »GlücksSpirale«, lotto clubs, »Keno« and the »Deutsche Fernsehlotterie«. Following its foundation in 2010 and IPO in 2012 on the Frankfurt Stock Exchange (Prime Standard), Lotto24 is now the clear market leader and well ahead of its competitors. As a fast-growing company with a strong service and customer orientation, Lotto24 aims to provide its customers online as well as mobile with the most convenient, secure and modern game experience possible.

Lotto24 AG
Vanina Hoffmann
Manager Investor & Public Relations
Tel.: +49 40 82 22 39 - 501

09.08.2017 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.

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