EG7: A Confirmation from Innova
Research Note
2021-02-25
11:16
EG7 reported revenue and an EBITDA in line with our expectations. The major acquisitions the company made late last year have still not been consolidated in the group. For the third time in a row, EG7 announced a new acquisition at the same time as its quarterly report. The free-to-play game publisher Innova adds a new layer to EG7’s already broad part of the gaming ecosystem. We also believe it is convincing that the Innova was acquired entirely in EG7 shares at a premium to last days closing price in the EG7-share.
Tomas Otterbeck
Danesh Zare
Disclosures and disclaimers