Interim report for the period from January 1, 2022 to March 31, 2022

January –
- 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 of21.1 million Swedish crowns was 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
SEK27.7 (48.2) million. - Adjusted EBIT of
SEK48.9 (41.9) million. - The profit before tax amounts to
SEK24.9 (30.7) million. - Earnings per share increased
SEK0.02 (0.20). - Operating cash flow amounted to
SEK50.0 (33.3) million for Q1. - Net debt of
-SEK44.0 (-397.9) million, consisting of449.3 million Swedish crowns cash and cash equivalents and405.4 million Swedish crowns debts to credit institutions. - Magic Online contributed
20.3 million Swedish crowns of net sales for the quarter.
Comment by
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
[email protected]
Fredrik Rüdén, Deputy Managing Director and Chief Financial Officer
Telephone: +46 733 117 262
[email protected]
ABOUT EG7
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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IMPORTANT INFORMATION
This information is information that
https://news.cision.com/enad-global-7-ab–publ-/r/interim-report-for-the-period-january-1–2022-to-march-31–2022, c3573929
https://mb.cision.com/Main/16500/3573929/1584316.pdf
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