ZEAL Network SE

Thank you very much and good morning everyone and welcome to SEALs earnings call for the first quarter. I hope you have received the email including the presentation and if you haven't it's also of course accessible on our web page in the investor relations section. If we go to slide two you will find the content slide and there we have outlined today's agenda. What we will do is to start off with a summary of the first three months. We'll be followed by a financial update And after that, we'll move on to our guidance and plan dividends for the year before we're finishing off with the key takeaways. After the presentation, we'll give you the opportunity, as always, to ask questions. I will now hand over to our CEO, Helmut Becker.

Thanks, Jonas, and good morning, everybody. Let me summarize our first quarter. We grew our business. Billings and revenue are up 11% year-on-year. Our profitability continues to rise due to scale effects in our business model and good cost control. And we've launched our second charity lottery product, the German Greenhouse Lottery or Deutsche Traumhaus Lottery. It's early days, but we hope to attract a slightly younger, slightly more female target group with this product. Now, on the next page, let me go straight to the two licenses that we are expecting to receive in Q2. The first one is a games license or virtual slot machines license. The regulator has issued the first and so far only GAINS license on May 5th. That is good news because we know that they have started to issue licenses. We expect them to now swiftly work through the other license applications. We're confident to receive our GAINS license in future. We will offer GAINS that are tailored to the needs of our customers And we know from past experience, as well as from international luxury markets, that this is a good growth opportunity for us. The second license is an extension of our brokerage permission. We expect to receive the extension of our brokerage permission also in Q2 this year.

So back to you, Jonas.