EG7: Lower than Expected Net Sales Compensated by Great Acquisition

Research Note

2020-11-25

10:48

Total revenue of SEK 120.5 million was well below our estimate. However, EBITDA amounted to SEK 22.6 million which was perfectly in-line with our estimate of SEK 22 million. One of the explanations of the lower than expected revenue was the later than estimated consolidation of “Big Blue Bubble”. Yet again, the most positive announcement was a high-quality acquisition of “Piranha Games”.

Tomas Otterbeck

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