ZEAL Network SE

Good morning, ladies and gentlemen, and welcome to today's earnings call of the Zia Network SE following the publication of the first quarter figures of 2024. I'm delighted to welcome the CEO, Dr. Helmut Becker, as well as the CFO, Sebastian Bielski, who will speak in a moment and guide us through the presentation and the results. After the presentation, we will move over to our Q&A session in which you will be allowed to place your questions directly to the management. So let's jump straight into the presentation. Mr. Bielski, this stage is yours.

Good morning, everybody. Also from my side, welcome to our Q1 results. I hope you can all see the presentation, but if not, you can also access it through the The agenda for today is that Helmut will give us a short summary of Q1. I will then take over with a financial update. Helmut and I will give you an update on progress and reconfirm our guidance. And then Helmut will close out the session with key takeaways. Over to you, Helmut. Good morning, everybody.

Q1 was a strong start to the year. We saw very good customer acquisition in Q1 in terms of both volumes and efficiency at the same time. We took advantage of the Euro jackpot peak jackpot situation that we had in January. When we take a closer look at our performance, marketing performance, we see that we actually outperformed previous similar jackpot situations. We also saw much smaller but still solid and efficient acquisition numbers in the bad jackpot environments that we had in February and March. In Q1, we saw accelerating year-on-year growth in billings and revenue. This was driven by our improved gross margin revenue growth at 35%, outpaced billings growth at 22%. And last but not least, we submitted the squeeze-out request to Lotto24. Back to you, Sebastian.