Brief: G5 Entertainment Q2 EBIT Down At SEK 43.2 Mln

G5 Entertainment AB (publ)

11/08/2021 06:46

Aug 11 (Reuters) - G5 Entertainment AB (publ)  G5EN.ST :
    * Q2 REVENUE FOR PERIOD WAS SEK 337.0 M (376.3), A DECREASE
OF 10
PERCENT COMPARED TO SAME PERIOD IN 2020 IN SEK TERMS
    * Q2 EBIT FOR PERIOD WAS SEK 43.2 M (44.8).
    * IN Q2 WE SAW CONTINUED STRONG ENGAGEMENT IN OUR GAMES AND
IMPROVED MONETIZATION
    * ALL IN ALL, WE HAD A RECORD FIRST HALF OF YEAR DELIVERING
RECORD
EBIT OF SEK 103 M, WHICH IS 23% GROWTH COMPARED TO SAME PERIOD
LAST YEAR
    * FOR Q3 FORESEES SUBSTANTIALLY HIGHER MARGINS DUE TO
MICROSOFT
PLAN TO REDUCE STORE FEES, GROWING REV FROM G5 STORE, EVEN
STRONGER BOOST IN Q4

Source text for Eikon:  ID:nWkr6nrLly 
Further company coverage:  G5EN.ST 

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