Media and Games Invest plc / Key word(s): Quarter Results/Quarterly / Interim Statement
MGI reports record quarter achieving 96% revenue growth with an underlying 38% organic growth
Monday, April 26, 2021 - Disclosure of an inside information according to Article 17 of the Regulation (EU) No 596/2014
Media and Games Invest plc ("MGI", or the "Company"); publishes its Interim Report Q1 2021 reporting strong organic revenue growth of 38% for the group with additional 58% M&A driven growth following the KingsIsle and LKQD acquisition - and far more than doubled profitability as adjusted EBITDA (+127%) and adjusted EBIT (+173%) surged.
SELECTED KEY PERFORMANCE INDICATORS, MGI GROUP
SELECTED KEY PERFORMANCE INDICATORS, MGI SEGMENTS
Information and Explanation of the Issuer to this News:
'We closed the beginning of the year with another record quarter on the books. Revenues increased YoY by 96% to 51.9 mEUR. This was achieved through a combination of 38% organic and 58% M&A driven growth. We furthermore increased the already high profitability by 127% to 13.5 mEUR adj. EBITDA. At the same time, we laid numerous cornerstones for future growth, announcing the strongest organic pipeline in MGI's history. This includes a.o. the upcoming game launches Heroes of Twilight and Skydome as well as the launch of Verve in Japan. The positive growth prospects are complemented by a strong recovery of the media market due to the foreseeable end of the pandemic. Combined with a strong balance sheet after the 40 mEUR Tap Issue we are ready for further organic and M&A-driven growth' says Remco Westermann, CEO & Chairman of the Board of MGI Group.
Notes - All Notes are defined as in the interim report Q1 2020 of MGI
Note (1) Adjusted EBITDA: Reported EBITDA excluding one-time costs. EBITDA adjustments amounted to 1.4 mEUR (Q1'20: 0.6 mEUR) driven by M&A costs related to the acquisition of KingsIsle.
MGI also invites investors to participate in the presentation of the Q1 results by Remco Westermann (CEO) and Paul Echt (CFO) on Monday, April 26, 2021 at 10:00 CEST. The presentation will be held in English and will also be available on-demand on the Company's website on www.mgi.group.
To participate via webcast, please visit:
To participate via phone, please call:
The preliminary Q1 2021 report is available on the company's website www.mgi.group.
The information in this notice has been made available for publication by the responsible person's agency listed below on the date revealed by MGI's news distributor EQS Newswire at the time of this press release. The responsible persons listed below can be contacted for more information.
Media and Games Invest plc
Jenny Rosberg, ROPA, IR contact Stockholm
Axel Mühlhaus / Dr. Sönke Knop, edicto GmbH, IR contact Frankfurt
Media and Games Invest plc (ISIN: MT0000580101) is a digital integrated games and media company with main operational presence in Europe 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; firstname.lastname@example.org, +46-8-528 00 399.
This release contains forward-looking statements that reflect the Company's intentions, beliefs, or current expectations about and targets for the Company's and the group's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company and the group operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as 'believe', 'expect', 'anticipate', 'intend', 'may', 'plan', 'estimate', 'will', 'should', 'could', 'aim' or 'might', or, in each case, their negative, or similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurances that they will materialize or prove to be correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this release are free from errors and readers of this release should not place undue reliance on the forward-looking statements in this release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of its date and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this release, unless it is so required by law or applicable stock exchange rules.
26-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media and Games Invest plc
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
EQS News ID:
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