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G5 Entertainment

G5 Entertainment

G5 Entertainment: Preliminary results January-March 2014

08:08 / 2 April 2014 G5 Entertainment Press release

Based on the information available, for the period of January-March 2014, the management forecasts record quarterly revenue* of 40 MSEK, which corresponds to achieving 45% revenue growth compared to the same period of 2013. As communicated in Q4 2013 report, the management expects profitable and cash flow positive first quarter.
The group’s development office in Kharkov, Ukraine continues business as usual and has not been affected by recent events. As communicated in Q4 2013 report, G5 holds intellectual property rights and backs up critical code and materials outside of Ukraine, and only transfers funds to subsidiaries in Ukraine and elsewhere on an as-needed basis.
* G5 reports revenue net of application store fees, which may represent up to 30% of end user price.

The group’s interim report for the period January-March 2014 is going to be released on 15th May 2014.

More information about the company can be found at: www.g5e.se/corporate
For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.se
Odd Bolin, CFO, +46 70 428 3173

About G5 Entertainment AB (publ)G5 Entertainment AB is a developer and publisher of high quality downloadable games for iOS, Android, Kindle Fire, Mac, and Windows 8 devices. G5 develops and publishes games that are family-friendly, easy to learn, and targeted at the widest audience of experienced and novice players. G5’s portfolio includes a number of popular games like The Secret Society, Virtual City, Special Enquiry Detail, Supermarket Mania, Stand O’ Food, and Mahjongg Artifacts. G5 Entertainment AB is listed on Aktietorget in Stockholm since 2008.

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Aktietorget

This information was distributed by Aktietorget http://www.aktietorget.se/