Sweden's EG7 Q1 revenue falls 13%

Enad Global 7 AB (publ)

07/05/2026 06:30

Overview

Sweden gaming group's Q1 revenue fell 13% organically yr/yr on FX-adjusted basis

Company announced SEK 32 mln annual cost-saving measures after quarter end

Outlook

Company expects solid potential growth in both top and bottom lines for the yr

EG7 says cost-saving measures expected to reduce annual costs by SEK 32 mln

Result Drivers

PRODUCT RELEASE TIMING - Company said lower revenue at Fireshine was due to product release timing, with 2026 slate backloaded compared to 2025 when Q1 was the highest revenue quarter

DIVISIONAL GROWTH - Daybreak and Big Blue Bubble delivered organic revenue growth in local currency, driven by titles such as Everquest, DC Universe Online, and Palia, and a new influencer strategy

Company press release: ID:nMFN2sdYCp

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 345.30 mln
Q1 Adjusted EPS
SEK 0.11
Q1 EPS
SEK 0.24
Q1 Adjusted EBITDA
SEK 51 mln
Q1 Adjusted EBIT
SEK 15.50 mln
Q1 Pretax Profit
SEK 20.70 mln


Analyst Coverage

Wall Street's median 12-month price target for Enad Global 7 AB (publ) is SEK30.00, about 74% above its May 6 closing price of SEK17.24

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)