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gamigo AG considerably increases its revenue and result in the first 9 months of the current year
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0 KommentareDGAP-News: gamigo AG / Key word(s): 9-month figures
gamigo AG considerably increases its revenue and result in the first 9
months of the current year
24.11.2015 / 16:36
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Press Release
gamigo AG considerably increases its revenue and result in the first 9
months of the current year
- Revenues up by 34% after nine months to EUR 14.7 million
- EBITDA soars by around 270% to EUR 2.9 million with positive net
earnings of EUR 0.8 million after nine months
- Platform-based strategy combined with market consolidation via smaller
acquisitions proves successful
Hamburg, November 24th, 2015 - gamigo AG ("gamigo", bond ISIN:
DE000A1TNJY0) has significantly increased its revenues on the earnings in
the 3rd quarter of 2015 according to provisional figures (IFRS). During
this period, the gamigo group's revenues increased compared to Q3 2014 by
around 43% to EUR 6.0 million, with EBITDA quadrupling year-on-year to EUR
1.3 million. Net consolidated earnings were still negative in Q3 2014, and
turned around in Q3 2015 to plus EUR 255,000. In total, these excellent
quarterly figures are due to the platform-based growth strategy introduced
in 2013. Scaling the platform, combined with ongoing acquisitions in line
with the strategy, have allowed constant increases in revenues and profits.
Four publishers were acquired in 2015 (Gamespree, Piraya, Infernum and
Looki) and two other acquisitions were made to reinforce the platform
(payment specialist MBE and the games portal POGED). The consolidation of
smaller game companies which are easier to integrate has led to constant
increases in gamigo AG's revenues and earnings. The market consolidation
means that there are many other acquisition targets in Germany and also the
rest of Europe.
In the first 9 months of 2015 consolidated revenues soared compared to the
same period of the previous year by 34 percent to EUR 14.7 million. At the
same time, the gamigo group's EBITDA improved by around 270% to EUR 2.9
million. Net earnings turned around to plus EUR 0.8 million after the first
nine months of 2015.
These figures prove the growing success of the company's new,
capital-saving platform strategy. gamigo AG's management board believes
that the continuing positive revenue and earnings growth will continue in
the coming quarters.
Remco Westermann, CEO of gamigo, states, "In the third quarter of 2015, we
were able to show once again that we operate profitably and generate
lasting positive cash flows. Our strategic orientation towards successful,
platform-strengthening acquisitions is bearing fruit. We will display
further growth in the fourth quarter, when the positive effects of our most
recent acquisition of Looki will come to bear. We expect a great result for
the year 2015 and are confident with regards to 2016 as well as following
years."
About the gamigo corporation
The gamigo group is one of the leading gaming companies in Europe and North
America. gamigo was one of the first few companies to discover the booming
market segment of online games, and published the first MMOG that was
completely localized into German as early as 2000. Over 100 staff members
in Hamburg, Berlin, Münster (Germany), Chicago (USA), Seoul (Korea) and
Kaliningrad (Russia) are in charge of managing the platform (including
Gaming as a Service and gaming portals) and the publishing of free-to-play
mobile and online games. Fiesta Online and Last Chaos are just two examples
of gamigo's very successful multiplayer online role-playing game titles
with a long-standing and loyal customer base. At the same time, the
existing portfolio of games is constantly expanded with new titles, such
as: Wickie Online, Kings and Legends, Desert Operations and Dragon's
Prophet. The gamigo group has a total of more than 65 million registered
user accounts worldwide. In addition to online multiplayer games, gamigo is
also stepping up investments in mobile games, including games such as Dino
Empire and the cross-platform game The Rats. In addition to organic growth,
the gamigo Group also strives to grow its business through the acquisition
of companies specializing in games and technology.
Press contact:
edicto GmbH
Axel Mühlhaus / Werner Rüppel
Tel.: +49 -(0)69-905505-52
Mail: gamigo@edicto.de
www.gamigo-anleihe.de
---------------------------------------------------------------------
24.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
415871 24.11.2015
Press Release
gamigo AG considerably increases its revenue and result in the first 9
months of the current year
- Revenues up by 34% after nine months to EUR 14.7 million
- EBITDA soars by around 270% to EUR 2.9 million with positive net
earnings of EUR 0.8 million after nine months
- Platform-based strategy combined with market consolidation via smaller
acquisitions proves successful
Hamburg, November 24th, 2015 - gamigo AG ("gamigo", bond ISIN:
DE000A1TNJY0) has significantly increased its revenues on the earnings in
the 3rd quarter of 2015 according to provisional figures (IFRS). During
this period, the gamigo group's revenues increased compared to Q3 2014 by
around 43% to EUR 6.0 million, with EBITDA quadrupling year-on-year to EUR
1.3 million. Net consolidated earnings were still negative in Q3 2014, and
turned around in Q3 2015 to plus EUR 255,000. In total, these excellent
quarterly figures are due to the platform-based growth strategy introduced
in 2013. Scaling the platform, combined with ongoing acquisitions in line
with the strategy, have allowed constant increases in revenues and profits.
Four publishers were acquired in 2015 (Gamespree, Piraya, Infernum and
Looki) and two other acquisitions were made to reinforce the platform
(payment specialist MBE and the games portal POGED). The consolidation of
smaller game companies which are easier to integrate has led to constant
increases in gamigo AG's revenues and earnings. The market consolidation
means that there are many other acquisition targets in Germany and also the
rest of Europe.
In the first 9 months of 2015 consolidated revenues soared compared to the
same period of the previous year by 34 percent to EUR 14.7 million. At the
same time, the gamigo group's EBITDA improved by around 270% to EUR 2.9
million. Net earnings turned around to plus EUR 0.8 million after the first
nine months of 2015.
These figures prove the growing success of the company's new,
capital-saving platform strategy. gamigo AG's management board believes
that the continuing positive revenue and earnings growth will continue in
the coming quarters.
Remco Westermann, CEO of gamigo, states, "In the third quarter of 2015, we
were able to show once again that we operate profitably and generate
lasting positive cash flows. Our strategic orientation towards successful,
platform-strengthening acquisitions is bearing fruit. We will display
further growth in the fourth quarter, when the positive effects of our most
recent acquisition of Looki will come to bear. We expect a great result for
the year 2015 and are confident with regards to 2016 as well as following
years."
About the gamigo corporation
The gamigo group is one of the leading gaming companies in Europe and North
America. gamigo was one of the first few companies to discover the booming
market segment of online games, and published the first MMOG that was
completely localized into German as early as 2000. Over 100 staff members
in Hamburg, Berlin, Münster (Germany), Chicago (USA), Seoul (Korea) and
Kaliningrad (Russia) are in charge of managing the platform (including
Gaming as a Service and gaming portals) and the publishing of free-to-play
mobile and online games. Fiesta Online and Last Chaos are just two examples
of gamigo's very successful multiplayer online role-playing game titles
with a long-standing and loyal customer base. At the same time, the
existing portfolio of games is constantly expanded with new titles, such
as: Wickie Online, Kings and Legends, Desert Operations and Dragon's
Prophet. The gamigo group has a total of more than 65 million registered
user accounts worldwide. In addition to online multiplayer games, gamigo is
also stepping up investments in mobile games, including games such as Dino
Empire and the cross-platform game The Rats. In addition to organic growth,
the gamigo Group also strives to grow its business through the acquisition
of companies specializing in games and technology.
Press contact:
edicto GmbH
Axel Mühlhaus / Werner Rüppel
Tel.: +49 -(0)69-905505-52
Mail: gamigo@edicto.de
www.gamigo-anleihe.de
---------------------------------------------------------------------
24.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
415871 24.11.2015
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