Poland's Huuuge puts buybacks aside, shares fall

Huuuge

17/04/2025 10:09

** Shares of Huuuge HUGP.WA fall 7% after the Polish game developer said on Wednesday it would prioritize growth investments over share buyback initiatives

** "Probably investors have only now noticed the priorities the company is setting, meaning that share buybacks are not currently a priority", Erste analyst Krzyszof Tkocz says

** The analyst adds that the company is clearly prioritising the search for acquisition targets, which, in his view, has caused the current discounting

** Huuuge shares set for worst day since February 2022

 (Reporting by Julia Kotowska)

 ((julia.kotowska@thomsonreuters.com ; +48 58 746 91 96))