Media and Games Invest plc

  • ISIN: MT0000580101
  • Land: Malta

Nachricht vom 30.09.2019 | 15:45

Media and Games Invest plc: Media and Games Invest publishes its consolidated financials for the first 6 months 2019 reporting revenues of EUR 28.6m; an EBITDA of EUR 7.5m and an EBIT of 3.3m, continuing its profitable growth as expected

DGAP-News: Media and Games Invest plc / Key word(s): Half Year Results

30.09.2019 / 15:45
The issuer is solely responsible for the content of this announcement.


Media and Games Invest publishes its consolidated financials for the first 6 months 2019 reporting revenues of EUR 28.6m; an EBITDA of EUR 7.5m and an EBIT of 3.3m, continuing its profitable growth as expected

- Revenues amount to EUR 28.6 million in H1-2019; an increase of 20.4% vs H2 2018 (EUR 23.7 million)

- EBITDA amounts to EUR 7.5 million in H1-2019; an increase of 27.6 % vs H2 2018 (EUR 5.9 million)

- EBIT amounts to EUR 3.3 million in H1-2019; an increase of 84.6 % vs H2 2018 (EUR 1.8 million)


30 September 2019 - Media and Games Invest plc ("MGI", ISIN: MT0000580101; Symbol: M8G) has started well into the year 2019. The strategic holding and consolidator in the media and games sectors showed strong profitable growth in first half year of 2019. Acquisitions that were accomplished during H1-2019, as well as organic growth are expected to further drive profitable growth in the second half of 2019.

The first half year of 2019 showed a good development with consolidated goup revenues amounting to EUR 28.6 million (an increase of 20.4% vs EUR 23.7 million in H2-2018), with an consolidated group EBITDA of EUR 7.5 million (an increase of 27.6 % vs EUR 5.9 million in H2-2018) and an consolidated group EBIT of EUR 3.3 million (an increase of 84.6 % vs EUR 1.8 million in H2-2018).

In the last 12 months period (1 July 2018 to 30 June 2019), MGI has realized consolidated revenues of EUR 52,3 million, with an EBITDA of EUR 13.5 million and an EBIT of EUR 5.0 million thus fulfilling the companies expectations.

After refocussing the company since May 2018, towards investing in media and games companies, and optimizing, consolidating and growing these, the strategy now starts showing good results. In May 2018, MGI acquired an indirect 38% stake and 53% of the voting rights in gamigo AG, one of the leading games companies in Europe and North-America. gamigo focuses on games with sustainable long lifetimes, such as e.g. roleplay and strategy massively multiplayer games, where revenues are generated from item sales, as well as casual games, which are mostly sold in subscriptions.

The financials of gamigo show that gamigo's strategy of growing through a combination of organic growth and growth through M&A is working well. The Trion Worlds assets that were acquired by gamigo in October 2018 show good revenue development, while costs further being optimized. Additionally, gamigo's latest acquisition of the WildTangent Casual Game platform in April 2019 showed a positive contribution. Looking ahead to the second half year of 2019, gamigo's strong operating cashflow in combination with additional available funds from its listed bond, are giving gamigo the flexibility to further invest in organic growth and also take advantage of further M&A opportunities.

In the first half year 2019 MGI has started Negotiations with gamigo minority shareholders, aiming at increasing MGI's stake in gamigo, which already resulted in increasing its stake to 52.6% in July 2019. A further increase is expected.

Apart from gamigo, MGI also invests in the highly synergetic media segment, executing a buy, consolidate, grow and improve strategy. These additional investments started in 2019, with the acquisition of ReachHero (an influencer SaaS platform) in May 2019, Applift (a mobile performance agency) and PubNative (and mobile supply side platform) at the end of June 2019. The additional media companies (with over Euro 20 million annual revenues besides the gamigo revenues) are expected to start showing their added value to revenue and EBITDA from H2 2019 due to their acquisition dates late in H1 2019.

Remco Westermann, Chairman of Media and Games Invest plc: "The gaming as well as the media sector demonstrate a strong technological edge and many players lack critical mass, therefore creating a great space for MGI as a market consolidator. With MGI as a holding company, having access to capital markets, we can speed-up the growth of gamigo in the gaming segment, while also increasing our stake in gamigo by buying out non-strategic minority shareholders. In parallel MGI is also driving forward growth in the online media/advertising segment via its focus on organic growth as well as via further acquisitions." continuing "In the upcoming periods, a stronger focus of MGI will be on capital market communication. While the revenue and earnings performance of MGI develops very well, the share price didn't. MGI will put more emphasis on presenting the company and is also pursuing more analyst coverage."

The figures are unaudited and preliminary.The H1 2019 report of Media and Games Invest plc is available as of today on the MGI homepage in the Investor Relation section of the website:
https://media-and-games-invest.com/financial-reports.html

About Media and Games Invest plc:

Media and Games Invest plc, MGI, is a fast and profitably growing company focusing on a "buy, integrate, build & improve" strategy through organic growth and acquisitions in the media and games markets. Technology is actively used to create efficiency improvements and competitive advantages within the group. Synergy and integration potentials are important criteria for the expansion of the portfolio. The most important investments include gamigo AG, a fast-growing gaming and media company (52.6% of shares and 66.9% of voting rights), ReachHero GmbH (67% of shares), a leading influencer SaaS platform, Applift GmbH (100%), a leading media company specializing in mobile advertising, and Pubnative (89%), an SSP platform for mobile advertising. Media and Games Invest is listed on the Frankfurt Stock Exchange and on XETRA.

Disclaimer
This press release and the information contained herein are not for distribution in or into the United States of America (the "United States"), Canada, Australia, and Japan. This document does not constitute an offer to sell or a solicitation of an offer to buy any securities (the "Shares") of Media and Games Invest plc (the "Company") in the United States. The shares of the Company are not and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act or in a transaction not subject to the registration requirements of the Securities Act.

This press release contains possible forward-looking statements that are based on the current assumptions and forecasts of the company management of Media and Games plc or companies associated with it. Various known and unknown risks and uncertainties, as well as other factors, could mean that the actual results, financial circumstances, the development or performance of Media and Games invest plc and the companies associated with it may deviate significantly from the estimations presented here. Neither Media and Games Invest plc nor the companies associated with it are obligated to update this sort of forward-looking statement or adjust them to future results or developments.

Press contact:
edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
Telephone: +49 69 9055 05 51
Email: MGI@edicto.de

Issuer
Media and Games Invest plc
Sören Barz, Investor Relations
St. Christopher Street 168
Valletta VLT 1467
Malta
Email: info@media-and-games-invest.com



30.09.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

Anleihe im Fokus

PREOS Real Estate AG
"7,5%-Wandelanleihe - Jetzt bis 04.12.19 zeichnen!"

- Emissionsvolumen: bis zu 300 Mio. EUR
- Zeichnungsfrist: 11.19. bis 04.12.2019
- ISIN: DE 000A254NA6 / WKN: A254NA
- Börsenesegment: Börse Frankfurt, Open Market
- Stückelung: 1.000 EUR
- Zinssatz (Kupon): 7,5% p.a., jährliche Zahlung
- Laufzeit: 5 Jahre
- Endfälligkeit: 09.12.2024

Anleihe im Fokus

Deutsche Rohstoff
"Anleihe - Jetzt zeichnen!"

- Emissionsvolumen: bis zu 100 Mio. EUR
- Zeichnungsfrist: 11.11. bis 04.12.2019
- ISIN: DE000A2YN3Q8 / WKN: A2YN3Q
- Börsenesegment: Börse Frankfurt, Open Market (Quotation Board)
- Stückelung / Emissionspreis: 1.000 EUR/ 100%
- Zinssatz (Kupon): 5,25 %
- Laufzeit: 5 Jahre
- Fälligkeit: 5 Jahre / 6.12.2024 (vorbehaltliche vorzeitige Rückzahlung gemäß Anleihebedingungen)
- Zinszahlung: Angebot an Inhaber der 5,625 % Schuldverschreibung 2016/2021 (WKN A2AA05, ISIN DE000A2AA055) diese in die neue Anleihe zu tauschen
- Umtauschfrist: 11.11.2019 – 29.11.2019 (18.00 Uhr)

GBC-Fokusbox

Media and Games Invest wächst dynamisch und profitabel

Innerhalb des Konzerns Media and Games Invest sind der wachstumsstarke Game-Publisher gamigo AG sowie Unternehmen aus dem dynamischen Bereich „Digital Media“ gebündelt. Der Wachstumskurs der Gesellschaft soll sowohl auf Basis eines anhaltenden anorganischen Wachstums sowie durch den Ausbau des bestehenden Geschäftes fortgesetzt werden. Im Rahmen unserer Initial-Coverage-Studie haben wir ein Kursziel von 1,90 € je Aktie ermittelt und vergeben das Rating KAUFEN..

News im Fokus

Linde Announces Price Increases Effective December 1, 2019

19. November 2019, 12:00

Aktueller Webcast

EQS Group AG

Conference Call zu den Neunmonatszahlen 2019

15. November 2019

Aktuelle Research-Studie

PREOS Real Estate AG

Original-Research: PREOS Real Estate AG (von First Berlin Equity Research GmbH): Add

19. November 2019