Brief: Azerion Q1 Adjusted EBITDA Up At Nearly EUR 6 Mln

Azerion NV

31/05/2022 06:53

May 31 (Reuters) - Azerion Group NV  AZRN.AS :
    * AZERION PUBLISHES INTERIM UNAUDITED Q1 2022 RESULTS
    * Q1 NET REVENUE OF OVER EUR 94 MILLION, MORE THAN DOUBLING
Q1
2021, MAINLY DRIVEN BY STRONG GROWTH IN PLATFORM SEGMENT
    * Q1 ADJUSTED EBITDA OF NEARLY EUR 6 MILLION, UP 118%
COMPARED TO
Q1 2021, PRIMARILY BOOSTED BY PREMIUM GAMES SEGMENT
    * CASH FLOW FROM OPERATING ACTIVITIES IN Q1 2022 WAS AN
INFLOW OF
EUR 6.5 MILLION
    * CASH FLOW FROM INVESTING ACTIVITIES WAS AN OUTFLOW OF EUR
8.2
MILLION, MAINLY DUE TO CAPITAL EXPENDITURES
    * CASH FLOW FROM FINANCING ACTIVITIES TOTALLED AN INFLOW OF
EUR
9.0 MILLION, MAINLY REFLECTING A CAPITAL CONTRIBUTION FROM
AZERION GROUP N.V
    * Q1 LOSS BEFORE TAX AMOUNTED TO EUR 17.6 MILLION COMPARED
TO A
LOSS OF EUR 5.1 MILLION IN Q1 2021
    * Q1 LOSS FOR PERIOD EUR 18.3 MILLION VERSUS LOSS EUR 5.2
MILLION
YEAR AGO
    * PREMIUM GAMES REVENUE WAS EUR 21.8 MILLION IN Q1 2022, AN
INCREASE OF 93.7% COMPARED TO Q1 2021.
    * OUR NET INTEREST-BEARING DEBT AMOUNTED TO EUR 185.3
MILLION AS
AT 31 MARCH 2022
    * Q1 GROSS MARGIN INCREASED TO 48.0% FROM 44.2% IN Q1 2021
    * LEASE LIABILITIES WITH A BALANCE OF EUR 19.0 MILLION LESS
THE
CASH AND CASH EQUIVALENTS POSITION OF EUR 42.6 MILLION AT
END-MARCH 2022
    * TIME SPENT PLAYING OUR PREMIUM GAMES CONTINUED TO GROW
STEADILY

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE56Mb8
Further company coverage:  AZRN.AS 

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