February 1, 2018 / 9:34 AM / 20 days ago

BRIEF-Dgap-News Lotto24 AG Lotto24 Reaches Targets For 2017 Despite Weak Jackpot Trend And Strong Competition

Lotto24 Ag:

* DGAP-NEWS: LOTTO24 AG: LOTTO24 REACHES TARGETS FOR 2017 DESPITE WEAK JACKPOT TREND AND STRONG COMPETITION

* ‍RAISED BILLINGS BY 10.1% TO EUR 220.7 MILLION IN 2017 (PRIOR YEAR: EUR 200.5 MILLION)​

* PLANS TO INCREASE ITS MARKETING INVESTMENT IN 2018

* RAISED REVENUES BY 10.8% TO EUR 25.2 MILLION (PRIOR YEAR: EUR 22.8 MILLION)

* ANTICIPATES INCREASE IN BILLINGS OF 15% TO 20%, WITH A GROWING NUMBER OF NEW CUSTOMERS AND A RISE IN CPL

* EXPECTS 2018 SLIGHT IMPROVEMENT IN GROSS MARGIN COMPARED TO PREVIOUS YEAR

* FY ‍NET PROFIT EUR 2.5 MILLION (PRIOR YEAR: EUR -2.3 MILLION)​

* ‍COMPANY THUS REACHED BREAK-EVEN ON AN ANNUAL BASIS FOR FIRST TIME​

* LOTTO24 - DEPENDING ON EXTERNAL CONDITIONS AND MARKETING INVESTMENTS, 2018 EBIT AND NET PROFIT WILL REMAIN ABOVE BREAK-EVEN MARK Source text for Eikon: Further company coverage:

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