Site icon Parliamo Di Videogiochi

G5 Entertainment Group: Interim Report January – September 2020

Dark carbon fiber background

STOCKHOLM–(BUSINESS WIRE)–G5 Entertainment Group (STO:G5EN):

July – September 2020

“Another strong quarter is behind us, and that is saying a lot given the huge progress we saw in the first half of the year. Even with the third quarter being seasonally weak and lockdowns being eased in many countries, G5’s strategy of seeking organic growth based on the development of our own games aimed at our core audience of casual players continued to pay off and led us to record profitability, both in absolute and relative terms” said Vlad Suglobov, CEO of G5 Entertainment. “Our EBIT margin in the third quarter hit an all-time record of 16.1 percent. G5’s own games, and especially the new generation of titles, continued to spur growth in the period and this past quarter continued to reflect the leverage our business has in driving margin expansion.”

This disclosure contains information that G5 Entertainment AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 05-11-2020 07:30 CET.

About G5 Entertainment

G5 Entertainment AB (publ) (G5) develops and publishes high quality free-to-play games for both smartphones and tablets that are family-friendly, easy to learn, and targeted at the widest audience of both experienced and novice players. The company distributes its games through the Apple, Google, Amazon, and Windows application stores. The company’s portfolio includes popular games like Jewels of Rome™, Hidden City®, Mahjong Journey®, Homicide Squad®, The Secret Society®, Wordplay: Exercise your brain™ and Jewels of the Wild West™.

Through its head entity G5 Entertainment AB (Publ), G5 Entertainment Group is publicly listed on Nasdaq Stockholm’s main market mid cap segment under trade symbol G5EN.ST. For six years in a row, G5 Entertainment was ranked in Deloitte’s Top 50 Fastest Growing Tech Companies in Sweden.

More information about G5 Entertainment can be found at http://www.g5e.com/corporate

Contacts

Vlad Suglobov, CEO, investor@g5e.com
Stefan Wikstrand, CFO, +46 76 00 11 115

Fonte BUSINESS WIRE

Please enable JavaScript to view the comments powered by Disqus.
Exit mobile version