Interim report for the period from January 1, 2022 to March 31, 2022
- Net sales amounted to
SEK452.2(303.6) million in the first quarter, an increase of 49%. Organic growth, excluding Innova and Magic Online, was 25%.
- Adjusted EBITDA amounted to
SEK112.6(80.7) million, corresponding to growth of 40% and an adjusted EBITDA margin of 24.9%. The adjustment for non-recurring items affecting EBITDA in the first quarter comparability of 21.1 million Swedish crownswas primarily M&A-related costs.
- EBITDA amounted to
SEK 91.5(87.0) million, an increase of 5% in the first quarter of 2022.
- EBIT of
- Adjusted EBIT of
- The profit before tax amounts to
- Earnings per share increased
- Operating cash flow amounted to
SEK50.0(33.3) million for Q1.
- Net debt of
-SEK44.0(-397.9) million, consisting of 449.3 million Swedish crownscash and cash equivalents and 405.4 million Swedish crownsdebts to credit institutions.
- Magic Online contributed
20.3 million Swedish crownsof net sales for the quarter.
For the first quarter of 2022, EG7 posted strong financial results above expectations, which represents a third consecutive quarter of excellent performance. The company achieved net sales of
The services segment delivered an exceptional performance with net revenue of
In April, the group announced its intention to sell Innova and relocate Toadman Interactive
In line with our expectations, net sales for April amounted to
FOR MORE INFORMATION PLEASE CONTACT:
Telephone: +46 70 065 07 53
Fredrik Rüdén, Deputy Managing Director and Chief Financial Officer
Telephone: +46 733 117 262
EG7 is a games industry group of companies that develops, markets, publishes and distributes games for PC, consoles and mobiles in the global games market. The company employs more than 470 game developers and develops its own original IPs, and acts as consultants to other publishers around the world through its game development divisions Daybreak Games, Piranha Games,
Nasdaq First North Growth Market Ticker Symbol: EG7
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