DGAP-News
gamigo AG: Positive growth of revenues and earnings in H1 2016
DGAP-News: gamigo AG / Key word(s): Half Year Results/Real Estate
gamigo AG: Positive growth of revenues and earnings in H1 2016
30.09.2016 / 14:05
The issuer is solely responsible for the content of this announcement.
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gamigo AG: Positive growth of revenues and earnings in H1 2016
30.09.2016 / 14:05
The issuer is solely responsible for the content of this announcement.
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Corporate News
gamigo: Positive growth of revenues and earnings in H1 2016
- Further growth and efficiency improvements due to successful platform
strategy
- Consolidated revenues in H1 2016 increased to EUR 13.9 million (+59%)
- Consolidated EBITDA in H1 2016 increased to EUR 2.5 million (+61%)
Hamburg, 30 September 2016 - The gamigo group ("gamigo", bond ISIN:
DE000A1TNJY0), has published its unaudited, consolidated H1 figures for
2016 according to IFRS and confirms its positive trend. The group's
consolidated revenues increased in the first six months of 2016 compared to
the same period of 2015 by 59 percent to EUR 13.9 million (H1 2015: EUR 8.7
million) as a result of the growth in existing business as well as
acquisitions in line with the group's strategy.
The platform-focused strategy of the group is showing continuously
improving results, which shows in both revenue and also EBITDA
improvements. The consolidated group EBITDA lifted by 61 percent compared
to the same period of the previous year to EUR 2.5 million (EBITDA H1 2015:
EUR 1.5 million).
As a result of the M&A strategy, EBITDA in the first half of 2016 was
strongly influenced by one-time costs, due to acquisitions as well as the
costs for preparing the merger with the ProSiebenSat.1 subsidiary Aeria
Games. Excluding the non-operational costs, the EBITDA in the first six
months of the current year totalled EUR 3.4 million, which is more than
double the figure of the first half of 2015.
The group's consolidated net earnings in the first half of 2016 totalled
minus EUR 0.5 million (compared to plus EUR 0.6 million in the first half
of 2015). After adjustment for the non-recurring expenses, net earnings in
the six-month period would have been positive.
In the first six months the work to improve the company's further growth
has continued. The buy & build strategy has been continued with the
acquisition of the platform company highdigit and the games developer
Playzo Games including its games licenses. The integration of the latest
acquisitions is on schedule. In addition, in H1 an agreement has been
reached with ProSiebenSat.1 to merge Aeria Games into gamigo based on a
share transaction. Due to closing this transaction on 1 July 2016, the new
gamigo: Positive growth of revenues and earnings in H1 2016
- Further growth and efficiency improvements due to successful platform
strategy
- Consolidated revenues in H1 2016 increased to EUR 13.9 million (+59%)
- Consolidated EBITDA in H1 2016 increased to EUR 2.5 million (+61%)
Hamburg, 30 September 2016 - The gamigo group ("gamigo", bond ISIN:
DE000A1TNJY0), has published its unaudited, consolidated H1 figures for
2016 according to IFRS and confirms its positive trend. The group's
consolidated revenues increased in the first six months of 2016 compared to
the same period of 2015 by 59 percent to EUR 13.9 million (H1 2015: EUR 8.7
million) as a result of the growth in existing business as well as
acquisitions in line with the group's strategy.
The platform-focused strategy of the group is showing continuously
improving results, which shows in both revenue and also EBITDA
improvements. The consolidated group EBITDA lifted by 61 percent compared
to the same period of the previous year to EUR 2.5 million (EBITDA H1 2015:
EUR 1.5 million).
As a result of the M&A strategy, EBITDA in the first half of 2016 was
strongly influenced by one-time costs, due to acquisitions as well as the
costs for preparing the merger with the ProSiebenSat.1 subsidiary Aeria
Games. Excluding the non-operational costs, the EBITDA in the first six
months of the current year totalled EUR 3.4 million, which is more than
double the figure of the first half of 2015.
The group's consolidated net earnings in the first half of 2016 totalled
minus EUR 0.5 million (compared to plus EUR 0.6 million in the first half
of 2015). After adjustment for the non-recurring expenses, net earnings in
the six-month period would have been positive.
In the first six months the work to improve the company's further growth
has continued. The buy & build strategy has been continued with the
acquisition of the platform company highdigit and the games developer
Playzo Games including its games licenses. The integration of the latest
acquisitions is on schedule. In addition, in H1 an agreement has been
reached with ProSiebenSat.1 to merge Aeria Games into gamigo based on a
share transaction. Due to closing this transaction on 1 July 2016, the new
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