Brief: Scout Gaming Presents Preliminary Q1 Revenues And The Initial Covid-19 Impact

Scout Gaming AB

07/04/2020 18:35

April 7 (Reuters) - Scout Gaming Group AB  SCOUT.ST :
    * SCOUT GAMING PRESENTS PRELIMINARY Q1 REVENUES AND THE
INITIAL
COVID-19 IMPACT
    * TOTAL REVENUE FOR Q1 OF 2020 ESTIMATED TO BE IN RANGE OF
SEK
8.2-8.7 MILLION (Q1 2019: SEK 3.5 MILLION)
    * REVENUE WAS POSITIVELY IMPACTED BY STRONG UNDERLYING
CLIENT
ACTIVITY UP TO DISTURBANCE OF SPORTS IN MIDDLE OF MARCH 2020
    * OPERATOR TRADING INDEX FOR Q1 WAS 1004, COMPARED TO 549
FOR Q1
2019, WHICH MEANS A GROWTH OF 83%
    * CURRENTLY ONLY EXPECT TEMPORARY NEGATIVE IMPACT ON OUR
BUSINESS
FROM ONGOING CORONA OUTBREAK
    * IMPACT OF CANCELLED SPORTS EVENTS WAS FROM MID-MARCH 2020,
EXPECTED TO HAVE AFFECTED REVENUES BETWEEN SEK 1.0 MILLION-1.5
MILLION
    * REDUCING MAINLY LEVELS OF MARKETING RELATED COSTS, BUT
ALSO
PERSONNEL COSTS AS WELL AS OPERATING COSTS IN GENERAL
    * GROUP CURRENTLY EXPECTS SPORTS TO RESUME SUCCESSIVELY
DURING
SUMMER

Source text for Eikon:  ID:nWkrc6JFZG 
Further company coverage:  SCOUT.ST 

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