Brief: Hugo Games sees 2016 net revenue to grow over 10 times

5Th Planet Games A/S

06/01/2016 07:00

Jan 6 (Reuters) - Hugo Games A/S  HUGOG.OL : 
    * Aims to have at least five million daily active users (DAU's) by the end of 2018 
    * Within the next 3 years aims to have an average net revenue per daily active user of at 
least 0.15 Danish crown 
    * Within the next 3 years aims to reach a positive cash flow 
    * In 2016 has product pipeline of seven titles that will all be released globally 
    * For 2016 estimates net revenue growth of more than ten times compared to that of 2015 
    * For 2016 sees net revenue of 35.4 million Danish crowns ($5.10 million) to 43.3 million 
crowns, EBITDA of 5.1 million crowns - 12.5 million crowns  
    * To invest around of 15 million crowns in development of new games  
 
     
Source text for Eikon:  ID:nObiFk0Yta  
Further company coverage:  HUGOG.OL  
 
($1 = 6.9411 Danish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))