Brief: Gaming Innovation Group Q2 EBITDA Up At EUR 2.8 Million

Gentoo Media

11/08/2020 07:18

Aug 11 (Reuters) - Gaming Innovation Group Inc  GAMO.OL :
    * Q2 EBITDA EUR 2.8 MILLION VERSUS EUR 1.5 MILLION YEAR AGO
    * Q2 CONTINUED QUARTERLY GROWTH WITH REVENUES IN Q2 2020 OF EUR 16.7M (11.3), 47% GROWTH Y/Y
AND
49% Q/Q
    * EBITDA IN Q2 2020 WAS EUR 2.8M (1.5), 93% GROWTH Y/Y AND 382% Q/Q
    * REVENUE GUIDING FOR CONTINUED OPERATIONS FOR 2020 ARE INCREASED TO BETWEEN EUR 52 - 57
MILLION
    * CASH FLOW FROM OPERATIONS IN Q2 2020 WAS EUR 10.1M (3.2)
    * 2020 EBITDA EXPECTED IN RANGE OF EUR 12 - 15 MILLION
    * JULY REVENUES ON ADJUSTED BASIS WERE UP 38% COMPARED TO SAME PERIOD LAST YEAR
    * COST SAVINGS INITIATIVES ARE PROGRESSING ACCORDING TO PLAN, WHICH IS EXPECTED TO FURTHER
REDUCE
OPERATING EXPENSES BY YEAR END 2020

Source text for Eikon:  ID:nWkrw86NY 
Further company coverage:  GAMO.OL 

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