Brief: Net Gaming Updates On Q1 2020 And Impact From COVID-19

Acroud AB

31/03/2020 07:53

March 31 (Reuters) - Net Gaming Europe AB  NETG.ST :
    * INFORMATION REGARDING Q1 2020 AND IMPACT FROM COVID-19
    * NET GAMING PROVIDES AN UPDATE REGARDING Q1 2020 AND IMPACT
FROM
COVID-19 AND DECIDES TO POSTPONE AGM AND PUBLICATION OF ANNUAL
REPORT
    * TRADING UPDATE Q1 2020: REVENUES IS EXPECTED TO AMOUNT TO
EUR
3.1M FOR Q1 2020, 5 PERCENT LOWER COMPARED TO Q4 2019
    * TRADING UPDATE: EBITDA IS EXPECTED TO AMOUNT TO EUR 1.7M,
11
PERCENT LOWER COMPARED TO Q4 2019. EBITDA MARGIN FOR Q1 2020
CORRESPONDS TO 55 PERCENT
    * TRADING UPDATE Q1 2020: 61 PERCENT OF COMPANY'S REVENUES
IS
EXPECTED TO BE GENERATED FROM EUROPE DURING Q1 2020
    * DUE TO PREVAILING SITUATION AROUND COVID-19, NET GAMING'S
BOARD
OF DIRECTORS HAS DECIDED TO POSTPONE ANNUAL GENERAL MEETING TO
25 JUNE
    * POSTPONEMENT OF ANNUAL GENERAL MEETING HAS RESULTED IN NET
GAMING ALSO DECIDING TO POSTPONE PUBLICATION OF ANNUAL REPORT
UNTIL APRIL 30

Source text for Eikon:  ID:nWkr4Qqq45 
Further company coverage:  NETG.ST 

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