Brief: Media And Games Invest FY Revenues Up At EUR 83.9 Mln

Mgi Media and Games Invest Se

18/06/2020 11:30

June 18 (Reuters) - MEDIA AND GAMES INVEST PLC  M8G.DE :
    * FY EBIT INCREASES BY 115% TO EUR 5.0 MILLION (2019)
    * MEDIA AND GAMES INVEST (MGI) IMPRESSIVELY CONTINUES GROWTH
DYNAMICS IN 2019 AND IN THE 1ST QUARTER OF 2020
    * REVENUES 2019 GROW BY 157% TO EUR 83.9 MILLION (2018: EUR
32.6
MILLION)
    * EBITDA AMOUNTED TO EUR 15.5 MILLION IN 2019; AN INCREASE
OF 80%
(2018: EUR 8.7 MILLION)
    * NET RESULT 2019 OF EUR 1.3 MILLION STILL BURDENED BY
PURCHASE
PRICE ALLOCATIONS (PPA) AND FINANCIAL RESULT (2018: EUR 1.6
MILLION)
    * Q1 REVENUES OF EUR 26.5 MILLION; AN INCREASE OF 99% (Q1
2019:
EUR 13.3 MILLION)
    * Q1 EBITDA OF EUR 5.3 MILLION; AN INCREASE OF 40% (Q1 2019:
EUR
3.8 MILLION)
    * Q1 PROFIT OF EUR 0.1 MILLION (Q1 2019: EUR 0.5 MILLION)
    * EBIT DOUBLED IN 2019 TO EUR 5.0 MILLION (2018: EUR 2.3
MILLION)
    * WE EXPECT TO CONTINUE OUR BUY AND BUILD STRATEGY IN 2020
AND
BEYOND
    * WE ARE VERY SATISFIED WITH FACT THAT OUR INCREASED
INVESTMENT IN
ORGANIC GROWTH HAS SHOWN GOOD RESULTS IN 2019 AND IS EXPECTED TO
LEAD TO A FURTHER INCREASE IN ORGANIC GROWTH IN 2020

Source text for Eikon:  ID:nEQ2jKRcga 
Further company coverage:  M8G.DE 

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