Media and Games Invest plc

  • ISIN: MT0000580101
  • Land: Malta

Nachricht vom 18.09.2019 | 14:35

Media and Games Invest plc: Media and Games Invest subsidiaries are further focusing on growth and strengthening their positions. Gamigo acquires minority interest in mobile game developer group

DGAP-News: Media and Games Invest plc / Key word(s): Investment

18.09.2019 / 14:35
The issuer is solely responsible for the content of this announcement.


Media and Games Invest plc Corporate News

Media and Games Invest subsidiaries are further focusing on growth and strengthening their positions. Gamigo acquires minority interest in mobile game developer group

- Group subsidiary gamigo AG acquires minority interest in mobile games specialist Phoenix Games and expects to continue its strong growth

- Group subsidiary Applift starts roll out of its transparency portal 'DashX'

- Group subsidiary PubNative innovates and ads connected TV to its platform offering

- Group subsidiary ReachHero GmbH signs contract with fischerAppelt


18 September 2019 - Media and Games Invest plc ("MGI", ISIN: MT0000580101; Symbol: M8G) continuously strengthens its position in gaming and media via its subsidiaries. gamigo AG, one of the leading publishers of mobile and online games in Europe and North America, today announced that it acquired a minority interest of less than 5% in Phoenix Games Holding GmbH. Phoenix Games is a holding company focused on acquiring and maximizing the potential of mobile gaming studios, founded by serial games sector entrepreneur Klaas Kersting. Phoenix and gamigo are planning to leverage synergies in mobile game development and publishing, in user acquisition as well as technical innovations.

gamigo AG has shown continuous strong growth over the past 4 and ½ years, with average revenue growth of 32%. Over the same period, the EBITDA margin has increased to 25% - 30% and earnings before interest and taxes, EBIT, consistently showed a positive trend reaching 11% of revenues in the first half of 2019 with an further upward trend. Based on these past results, in combination with many further acquisition targets being available, as well as several organic growth opportunities - including eg. three game launches and several major content updates that are planned for the second half of 2019-, and further efficiencies that are realized with larger scale, the board of directors of gamigo expects in line with past development, continuous further revenue CAGR for the next 3-5 years of 25% - 30%, in combination with an EBITDA margin of 25% - 30% and an EBIT margin of 15% - 20%. In addition to its positive operating cash flow and freely available cash of over 20 million euros from the bond issued on Nasdaq Stockholm, gamigo has retained Pareto Securities AB to explore further financing -equity and non-equity- options to support further organic and non-organic growth.

In the media and advertising segment the integration of recently acquired Applift GmbH is proceeding well. Following the acquisition of Applift by MGI a change of strategy has been decided based on further focusing on high quality performance-based user acquisition while giving transparency to its customers and using synergies with the other media companies as well as with the gaming companies. Advertiser portal 'DashX', developed by Applift, is ready for a global roll-out in October. It gives brands at-a-glance access to the real time mobile campaign data, information about top traffic sources, automatic traffic quality optimizations, and insights of the campaign performance against the KPIs. The 'DashX' portal enables transparency to advertisers like never before, meeting their trust and brand safety expectations. Transparency and traffic quality are top challenges in mobile app marketing and Applift will continue to invest into product improvements in this area.

Group subsidiary PubNative GmbH, operating a programmatic supply side platform for mobile apps, enters the fast-growing market of connected TV via releasing its innovative ADCast CTV SDK for Google Chromecast in a private beta version, which makes PubNative an early adopter and innovator and offers additional growth opportunities.

Within the influencer business Influencer-SaaS platform provider and MGI Group Subsidiary ReachHero GmbH has signed a contract with leading advertising and PR agency fischerAppelt, to extensively get access and use of the ReachHero Influencer platform. After signing its first contract with ReachHero in 2018, fischerAppelt has used the ReachHero platform for over a year and now signed an extensive contract. Katrin Joppig, Senior Expert and Competence Manager Influencer at fischerAppelt: "The ReachHero platform and software enables us to run Influencer Marketing campaigns in an efficient and effective manner. The data-based platform gives us relevant influencer and audience insights to select the perfect influencers for our campaigns." Also, ReachHero has started the internationalization of its platform, starting roll-out into Poland and Turkey.

Chairman of the Board of Directors Remco Westermann: "The subsidiaries of MGI show positive developments and are actively working on organic growth opportunities as well as on building USP's. Our strategy of creating critical mass via M&A and organic growth, creating competitive advantages through the use of state-of-the-art technology as well as leveraging synergies between the companies shows good results. Apart from our focus on organic growth we are also looking into further acquisitions as well as increasing our stake in our major subsidiary gamigo."

With its focus on the media and games segments and growth via acquisitions and market consolidation as well as via organic growth Media and Games invest is expecting to further show strong growth in the gamigo group as well as in its other subsidiaries.

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



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