Brief: Media And Games Invest Q1 Adjusted EBITDA At EUR 17.6 Mln

Mgi Media and Games Invest Se

31/05/2022 07:13

May 31 (Reuters) - MEDIA AND GAMES INVEST SE  M8G.DE :
    * PRESENTS Q1 2022 REPORT WITH 27% OVERALL AND 18% ORGANIC
REVENUE
GROWTH AND A 26% INCREASE IN SOFTWARE CLIENTS
    * ADJUSTED. EBITDA^2 AMOUNTED TO 17.6 MEUR IN Q1'22 (Q1'21:
13.5
MEUR), WHICH IS AN INCREASE OF 30% DRIVEN BY ECONOMIES OF SCALE
AND, AMIDST RECORD INVESTMENTS IN NEW PERSONNEL
    * NET REVENUES AMOUNTED TO 65.9 MEUR IN Q1'22 (Q1'21: 51.9
MEUR)
    * Q1 ADJUSTED. EBIT AMOUNTED TO 13.6 MEUR (Q1'21: 9.3 MEUR),
AN
INCREASE OF 45%
    * Q1 ADJUSTED. NET RESULT AMOUNTED TO 5.7 MEUR (Q1'21: 4.9
MEUR),
AN INCREASE OF 16%.
    * CASH AND CASH EQUIVALENTS INCLUDING CREDIT LINES AMOUNTED
TO
169.2 MEUR AS OF MARCH 31, 2022, COMPARED TO 188.9 MEUR AS OF
DECEMBER 31, 2021
    * Q1 EARNINGS PER SHARE (EPS) UNDILUTED / DILUTED AMOUNTED
TO EUR
0.02

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

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))