ZEAL Network SE Strengthens Position in Lottery Market

ZEAL Network SE, Germany's leading online lottery provider, is seeing a surge in activity following recent Eurojackpot peaks. The heightened interest has significantly boosted user activity and lottery spending, which has increased by two to three times the average. Q4 has seen a remarkable record of €1.24 billion in lottery spending, surpassing last year's figures with several weeks still to go.

The current jackpot situation is expected to drive Q4 billings up by 34% year-over-year, reaching €281 million, and sales are projected to rise by 75%, totaling €46 million. The strategic marketing approach aims to capitalize on the increased online interest, foreseeing up to 400,000 new registrations. ZEAL is set to exceed its sales guidance for 2024, maintaining a balanced approach between marketing expenditure and profitability. As a result, NuWays AG reiterates its "Buy" recommendation, raising the target price to €60.00.