DGAP-News: Media and Games Invest (MGI) releases its Half Year Report Q2 2020 and generates 35% organic revenue growth in the gaming segment
Revenue increased 97% to EUR 30m, driven in part by Q2 organic growth in the gaming business, over Q1, of 35%
DGAP-News: Media and Games Invest plc / Key word(s): Half Year Results Media and Games Invest (MGI) releases its Half Year Report Q2 2020 and generates 35% organic revenue growth in the gaming segment 12.08.2020 / 15:51 The issuer is solely responsible for the content of this announcement. Media and Games Invest (MGI) releases its Half Year Report Q2 2020 and generates 35% organic revenue growth in the gaming segment
August 12, 2020 - Media and Games Invest plc ("MGI", ISIN: MT0000580101; Symbol: M8G; Scale, Frankfurt Stock Exchange) publishes its Half Year Report Q2 2020. Highlights include strong revenue growth of 98% in H1'20 and an encouraging 54% growth in EBITDA, with total EBITDA in H1'20 increasing to EUR 11.6m (H1 2019: EUR 7.5m). The operating cash flow increased by 86% to EUR 10.8m (H1 2019: EUR 5.8m) enabling strong deleveraging in Q2'20. *Source: Uplers: The impact of covid-19 on digital agencies: A survey report
MGI GAMING SEGMENT
MGI MEDIA SEGMENT
The interim consolidated financial statements of the Media and Games Invest-Group have been prepared in accordance with the International Financial Reporting Standards (IFRS) and have been neither subject to a full scope audit nor subject to a limited review by a statutory auditor. With regard to the definition of the key performance indicators, the company refers to the relevant definition in its Q2 Report, available from now on on the companies website (https://mgi.group/) Disclaimer Press contact: Issuer
12.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Media and Games Invest plc |
St. Christopher Street 168 | |
VLT 1467 Valletta | |
Malta | |
Phone: | +356 21 22 7553 |
Fax: | +356 21 22 7667 |
E-mail: | [email protected] |
Internet: | www.mgi.group |
ISIN: | MT0000580101 |
WKN: | A1JGT0 |
Listed: | Regulated Unofficial Market in Berlin, Frankfurt (Scale), Tradegate Exchange |
EQS News ID: | 1116721 |
End of News | DGAP News Service |
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