Interim Report for the Period April 1, 2020 to June 30, 2020

April – June 2020 in Summary

  • Total revenue amounted to SEK 162.6 million. Net revenue amounted to SEK 138.0 million which represents a growth of 1014% compared to the same period last year
  • EBITDA amounted to SEK 18.7 million
  • The cash balance amounted to SEK 144.7 million
  • Net debt was SEK 74.8 million
  • Equity amounted to SEK 306.1 million
  • Earnings per share amounted to SEK -0.12.

April – June 2020 in Summary Pro-Forma*

  • Total revenue amounted to SEK 189.1 million.
  • EBITDA amounted to SEK 26.6 million.

Rolling 12 Months in Summary Pro-Forma*

  • Total revenue amounted to SEK 681.2 million.
  • EBITDA amounted to SEK 95.4 million.

Significant events during the second quarter 2020

  • The company successfully completes a directed rights issue of 3,779,367 shares and thereby contributes approximately SEK 119 million before issue costs.
  • EG7 announces Minimal Affect (Project Anubis) and presents more information on the titles '83 and EvilvEvil.
  • The annual general meeting is held where it was decided that no dividend would be paid, that the profit for the year be transferred to a new account and that Erik Nielsen be voted into the board.

Significant events after the second quarter 2020

  • Sold Out signs publishing agreement for two unannounced titles.
  • Radical Rabbit Stew is released.
  • Sold Out signs agreement regarding physical publishing of the title Planet Coaster: Console Edition developed by Frontier.
  • No Straight Roads is released.
  • Descenders is released.
  • The Canadian game developer Big Blue Bubble is acquired. The company had revenues of approximately SEK 80 million and EBITDA of SEK 24 million for the rolling twelve months. The up-front payment amounts to approximately SEK 106 million, an up-front EBITDA multiple of 4.6x.

Comment from Robin Flodin, CEO of EG7:

“After completing a successful rights issue of SEK 119 million in the middle of the ongoing Corona pandemic in April 2020, we have been able to accelerate investments in several new titles and release several games. After the end of the period, we also acquired Big Blue Bubble, a Canadian company with strong IP:s and solid profitable growth. I would like to take this opportunity to warmly welcome them into the EG7 family.”

*: Financial figures as if Big Blue Bubble is included in the group during the period


Robin Flodin, CEO

Phone: +46 70 477 06 34

Alexander Albedj, Chairman

Phone: +46 76 221 30 75


EG7 is a group within the gaming industry that develops, markets, publishes and distributes PC, console and mobile games to the global gaming market. Game development departments Toadman Studios and Antimatter Games employ over 100 game developers who develop their own games where EG7 owns the rights and also undertakes development assignments for other publishers around the world. The group's marketing agency Petrol Advertising Inc has so far contributed to the release of at least 1,500 titles, many of which are world famous brands such as Call of Duty, Destiny, Dark Souls and Rage. The group's publishing and distribution company Sold Out Sales & Marketing Ltd through its experts offers both physical and digital publishing and has worked with Team 17, Rebellion and Frontier Developments. The group is headquartered in Stockholm with approximately 200 employees in 8 offices worldwide. The group's business model provides the conditions for close cooperation as well as stable cash flows. The company's strategy is to continue to grow by developing games in its existing offices, and to continue to work its way up the value chain by developing games with its own resources and publishing games on its own.

Nasdaq First North Growth Market Ticker Symbol: EG7

Certified Adviser: Eminova Fondkommission AB, Phone: +46 8 684 211 00


This information is information that Enad Global 7 AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on August 27, 2020 at 08:45 CET.