Media and Games Invest SE / Key word(s): Forecast
Media and Games Invest publishes guidance FY2021: YoY revenue growth of up to 71% and EBITDA growth of up to 123%, well above its mid-term financial targets due to strong organic growth in H1 2021
Wednesday, June 30, 2021 - Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014
June 30, 2021 - Media and Games Invest SE ("MGI" or the "Company", ISIN: MT0000580101; Ticker M8G; Nasdaq First North Premier Growth Market and Scale Segment Frankfurt Stock Exchange) publishes its guidance for the financial year 2021. For 2021 MGI expects to exceed its medium-term growth target of 25-30% revenue growth per year - aiming now for more than the double growth pace in 2021 than initially anticipated. This is also resulting in an expected boost of EBITDA for 2021 - aiming to an even higher pace than revenue-growth.
The 2021 guidance is based on acquisitions as well as the strong organic growth of more than 30%3 in the first half of 2021. The organic growth is fostered by the strongest organic growth pipeline in the company's history, as already announced on April 28, 2021. Various game launches, platform expansions and DLC's were executed in the Games segment ("gamigo"). gamigo launched for example Trove in South Korea, Trove on Nintendo Switch and released the closed beta of Skydome. Further organic projects were also realized in the Media segment ("Verve"). Verve launched its operations in Japan and Brazil, thereby establishing strong teams on the ground. In addition, numerous new partnerships were concluded with publishers and advertisers from the games sector, while Verve also launched the unique on-device anonymized ad personalization solution ATOM, a promising product for efficient user acquisition in an IDFA-less world.
The guidance does not take into account further upcoming acquisitions of M&A targets for 2021. It does also explicitly not include the possible acquisition of Smaato that was announced on June 21, 2021.
Note (1) Revenue and adj. EBITDA as defined in the FY 2020 report (2) Based on 27.5% adj. EBITDA-margin (the middle range of the 25-30% adj. EBITDA-margin target) in combination with 25-30% revenues growth YoY taking FY2020 financials as calculation basis (3) Based on preliminary forecasted H1 2021 revenues
This information is such information Media and Games Invest SE is obliged to make public in accordance with the (EU) Market Abuse Regulation 596/2014. The information in this release has been made public through the agency of the responsible persons set out below for publication at the time stated by MGI's news distributor EQS Newswire at the publication of this release. The responsible persons below may be contacted for further information.
For further information, please contact:
Jenny Rosberg, ROPA, IR contact Stockholm
Axel Mühlhaus / Dr. Sönke Knop, edicto GmbH, IR contact Frankfurt
About Media and Games Invest SE
Media and Games Invest SE is a digital integrated games and media company with main operational presence in EMEA and North America. The company combines organic growth with value-generating synergetic acquisitions, demonstrating continuous strong, profitable growth with a revenue CAGR of 45% over the last 6 years. Next to strong organic growth, the MGI Group has successfully acquired more than 30 companies and assets in the past 6 years. The acquired assets and companies are integrated and amongst others cloud technology is actively used to achieve efficiency gains and competitive advantages. The Company's shares are listed on Nasdaq First North Premier Growth Market in Stockholm and in the Scale segment of the Frankfurt Stock Exchange. The Company has a secured bond that is listed on Nasdaq Stockholm and on the Frankfurt Stock Exchange Open Market as well as an unsecured bond listed on the Frankfurt Stock Exchange Open Market.
The Company's certified advisor on Nasdaq First North Premier Growth Market is FNCA Sweden AB; email@example.com, +46-8-528 00 399.
30-Jun-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media and Games Invest SE
St. Christopher Street 168
VLT 1467 Valletta
+356 21 22 7553
+356 21 22 7667
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange; FNSE
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