05.12.2018: blockescence plc: Portfolio company gamigo AG releases Q3’18 Interim Report with an EBITDA increase of 97%

blockescence plc: Portfolio company gamigo AG releases Q3’18 Interim Report with an EBITDA increase of 97%

gamigo AG: Interim Report July – September 2018

„Das dritte Quartal 2018 war für uns ein guter Start in die zweite Jahreshälfte. Wir haben in diesem Quartal keine Übernahmen durchgeführt und konnten so diese ruhige Phase nutzen, um Unternehmensprozesse noch effizienter zu machen, unsere M&A-Pipeline auszubauen und unsere Finanzierungsseite zu optimieren.“ sagt Remco Westermann, Geschäftsführer der gamigo-Gruppe.

“The third quarter of 2018 was a good start for the second half of 2018. While we haven’t done any acquisition in this quarter, we have used this quiet phase to further drive forward our organizational efficiency, work on our M&A pipeline and work on our financing side,” says Remco Westermann, CEO gamigo Group.

Third Quarter 2018 Highlights

  • Net revenues amounted to 10.2 mEUR (Q3 ’17: 9.5 mEUR; corresponding period excl. payment business unit which was sold), which is 8,3% organic revenue growth.
  • EBITDA amounted to 2.3 mEUR (Q3 ’17: 1.2 mEUR), which is an increase of 97%.
  • The net result for the period amounted to 72 kEUR (Q3 ’17: -592 kEUR).
  • Leverage ratio has improved to 2,1 from 3,6 on Dec. 31, 2017.
  • B2C Segment: Aura Kingdom, the Anime-MMORPG from gamigo group had a brand-new patch with new monsters and other exciting quests. Furthermore, we closed a sub-license contract with the Asian game publisher Asiasoft for our IP owned MMO Last Chaos.
  • B2B Segment: Adspree has had quite an exciting summer. In July we delivered with PUBG one of the biggest campaigns in our company’s history. PUBG Global Invitational 2018 was the first major international tournament organized by PUBG Corporation, with 20 teams competing for a share of the $2,000,000 USD prize pool over four days in the Mercedes-Benz Arena in Berlin.
  • Business Units: The Units made further optimization on structure and cost levels, reduced the number of datacenters and back-ends, further streamlined the organization and worked on the M&A pipeline.

 

 

The complete Interim Report can be found under the following link:https://corporate.gamigo.com/wp-content/uploads/2018/11/gamigo-Interim-Report-2018-Q3-2-1.pdf

About gamigo AG:

Since its foundation in 2000, gamigo has developed into one of the leading publishers of free-to-play online and mobile games in Europe and North America. In total, the gamigo Group employs more than 350 employees at its headquarter in Hamburg and branches in Berlin, Münster, Darmstadt, Cologne (Germany), Redwood City, Austin, Chicago (USA), Warsaw (Poland), Istanbul (Turkey), and Seoul (Korea). The company’s core portfolio includes successful gaming titles such as Trove, ArcheAge, Aura Kingdom, Rift, Defiance 2050, Desert Operations, Fiesta Online, Shaiya and Twin Saga. gamigo grows via organic growth as well as through acquisitions and has made over 20 acquisitions since 2013, including games, media and technology companies as well as individual game assets. The media companies adspree and Mediakraft are part of the platform strategy and also provide B2B services to third parties.

About blockescence plc:

blockescence is a strategic investment-holding, that focuses on a buy, build & sell strategy of fast-growing companies in consolidating TMT sectors. The blockescence portfolio companies are growing via acquisitions and organic growth and new technologies are actively used to create USPs and further efficiency within the portfolio companies. An example is the implementation and roll-out of distributed ledger technology (DLT or blockchain-technology) to create competitive advantages in the portfolio companies. blockescence is based in Valletta (Malta), has subsidiaries in Switzerland and Germany and is listed on the Frankfurt Stock Exchange as well as on XETRA.

For further information please contact:

Remco Westermann, CEO

Paul Echt, CFO

gamigo AGPublic and Investor Relations
Email: ir@gamigo.com

 

Issuer:

blockescence plc 

St. Christopher Street 168 
Valletta VLT 1467 
Malta 

Email: info@blockescence.com

Web-Page: www.blockescence.com 

 

 

About Media and Games Invest SE

Media and Games Invest SE is a digitally 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 78%. 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.

The Company's certified advisor on Nasdaq First North Premier Growth Market is FNCA Sweden AB; info@fnca.se, +46-8-528 00 399.

Media and Games Invest SE
St. Christopher Street 168
Valetta VLT 1467
Malta