Brief: G5 Entertainment Updates On Situation In Ukraine

G5 Entertainment AB (publ)

01/03/2022 06:53

March 1(Reuters) - G5 Entertainment AB  G5EN.ST :
    * UPDATED ON MONDAY ON THE WORSENING SITUATION IN UKRAINE
    * WE HAVE EXTENDED THE PAID LEAVE FOR TWO MORE WEEKS FOR NOW
    * EVEN THOUGH MANY OF OUR EMPLOYEES ARE CURRENTLY UNABLE
WORK, WE
CAN CONTINUE OUR OPERATIONS
    * IMMEDIATE REVENUE GENERATION IS NOT AFFECTED, AND WE ARE
AT THIS
POINT FOCUSING ON SUPPORTING OUR EMPLOYEES
    * IF THE DISRUPTION DUE TO LIMITED RESOURCES AVAILABLE
CONTINUES,
SOME GAME UPDATES MAY BE LATE IN MARCH, AND WE MAY HAVE MORE
UPDATE DELAYS GOING FORWARD
    * WHILE WE WILL PRIORITIZE THE LARGEST GAMES, THIS MAY STILL
HAVE
SOME NEGATIVE EFFECT ON REVENUE DEVELOPMENT OF SMALLER GAMES IN
OUR PORTFOLIO

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr2tHCcY
 Further company coverage:  G5EN.ST  

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