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G5 Entertainment

G5 Entertainment

G5 Entertainment: Preliminary results January-March 2013

08:10 / 5 April 2013 G5 Entertainment Press release


The group has not yet received all Q1 2013 reports from all distribution channels. Based on the information available, for the period of January-March 2013, the management forecasts revenue at 27 MSEK, with operating result before extraordinary one-time items at 9.4 MSEK. 

Extraordinary one-time items are legal and other fees paid in connection with the start of the process to apply for a listing of the company's shares on NASDAQ OMX Stockholm in the second half of 2013. These items are not connected in any way to the group's game development and publishing operations.

The management forecasts operating result in accordance with IFRS (extraordinary one-time fees above included in expenses) to be 8.1 MSEK, and earnings per share to be 0.87 SEK for the period.

This forecast corresponds to achieving 55% revenue growth and 41% (63% when excluding extraordinary one-time items) operating result growth compared to the same period of 2012. 

The group reports results in SEK, but receives virtually all of its revenue in other currencies. SEK has reached its strongest exchange levels during Q1 2013, unlike a year ago. This reduces perceived growth during the period when comparing to previous year.

The group's interim report for the period January-March 2013 is going to be released on 15th May 2013.

More information about the company can be found at:
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About G5 Entertainment AB (publ)
G5 Entertainment AB is a developer and publisher of high quality downloadable games for iPhone, iPad, Android, Mac, Kindle Fire, and Nook tablets. G5 develops and publishes games that are family-friendly, easy to learn, and targeted at the widest audience of experienced and novice players. G5 owns a number of popular game franchises like Virtual City, Special Enquiry Detail, Supermarket Mania, Stand O' Food, and Mahjongg Artifacts, and invests in creating new games and bringing established franchises to new gaming platforms.

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