on ZEAL Network SE (isin : DE000ZEAL241)
ZEAL Network SE Shows Strong Market Performance in 2024
In a recent research update by NuWays AG, ZEAL Network SE has displayed significant market share gains in 2024. The company is highlighted for its dominant presence in Germany's online lottery segment. With no price hikes during the year, the overall increase in lottery spending, which rose by 4.4% to €8.56 billion, appears driven by heightened user activity.
Online lottery sales surged by 28% year-on-year, reaching €2.59 billion. This growth contrasts with a 4% decline in offline sales, thereby increasing online market penetration to 30.3%. ZEAL's estimated 34% rise in billings to €1.19 billion indicates a market share increase of 4.6 percentage points to 46%.
Looking ahead to 2025, ZEAL is poised for continued growth, supported by efficient marketing strategies and innovative high-margin products like games and the dream house raffle. The firm's recommendation remains a "Buy" with a target price of €60.00.
R. E.
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