Lottery company Zeal Group has seen strong results for the first three months of 2018.
The company reported EBIT of €9.2m, in line with guidance, a billings increase of six per cent to €72.8m, and total operating performance increased to €39.8m.
The company also generated a 6.4 per cent growth in billings to €72.8m, driven by continued positive performance from new products, including Powerball and Instant Win Games, which encouraged higher customer spend. Average billings per user increased to €58.02.
In addition, continued investment in new products and marketing delivered 140,000 new registered customers for the company and its partners, an increase of 59 per cent year-on-year.
Jonas Mattsson, chief financial officer, Zeal Group said: “It has been a strong start to 2018 for ZEAL. Our active strategy of building a more diverse portfolio is paying off, with a larger range of higher jackpot products driving increased customers, spend and billings.”
