Brief: Digital Bros H1 Net Loss Turns To Profit Of EUR 1.9 Mln

Digital Bros SpA

06/03/2020 07:27

March 6 (Reuters) - Digital Bros SpA  DIB.MI :
    * REPORTED ON THURSDAY H1 NET REVENUE AT EUR 62.5 MLN VS EUR
28.2
MLN YEAR AGO
    * H1 NET PROFIT EUR 1.9 MLN VS LOSS OF EUR 3.2 MLN YEAR AGO
    * H1 EBITDA EUR 10.2 MLN VS EUR 136,000 YEAR AGO 
    * EXPECTS STRONG GROWTH IN H2 TOGETHER WITH SIGNIFICANT
IMPROVEMENT IN ALL FINANCIAL MARGINS, PARTICULARLY IN Q4
    * EXPECTS H2 TO BENEFIT FROM LAUNCH OF VIDEOGAME "JOURNEY TO
THE
SAVAGE PLANET" AND CONSOLE VERSIONS OF VIDEOGAME "ASSETTO CORSA
COMPETIZIONE"
    * EXPECTS LIFETIME REVENUE IN EXCESS OF EUR 50 MLN FROM PC
VERSION
OF "DEATH STRANDING", WHOSE ANTICIPATED RELEASE IN JUNE WILL
SIGNIFICANTLY IMPACT REVENUE IN Q4 WITH FURTHER EFFECTS IN
COMING YEARS
    * VIDEOGAME "CONTROL" ALSO EXPECTED TO CONTRIBUTE TO REVENUE
GROWTH IN THE COMING QUARTERS THANKS TO DLCS RELEASES AND STEAM
VERSION, TO BE LAUNCHED IN AUG. 2020  
    * GROWTH EXPECTED FOR Q3 DUE TO SIGNIFICANT FINANCIAL
INVESTMENT
IN STARBREEZE AB DURING JAN. AND FEB. 2020 FOR TOTAL AMOUNT OF
EUR 11.7 MLN 

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIAbTst1P
    
 Further company coverage:  DIB.MI  
   


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